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Union leaders are in better position to bargain for higher wages...

This question belongs to Commerce Economics
Economics
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Union leaders are in better position to bargain for higher wages if demand for labour is

Answer & Solution
Correct Answer: Option B
Union leaders are in better position to bargain for higher wages if demand for labour is Inelastic. The capacity of trade unions to raise wages in a particular industry depends on the elasticity of demand for labour.
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