If a labor union tries to reduce the availability of substitutes for the product it sells, it is attempting to affect the __________ for labor. But if it tries to increase substitute factor prices, it is attempting to affect the __________ labor.A. elasticity of demand; supply of B. demand; elasticity of demand for C. elasticity of demand; demand for D. demand; supply of E. none of the above
This question was answered on: Sep 21, 2023
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