Consider the housing construction industry. Assume that the industry is perfectly competitive in both input and output markets. Suppose that, through collective bargaining, a labor union negotiates an industry-wide wage for various kinds of labor (electricians, plumbers, and so on). In particular,it succeeds in negotiating a wage increase for carpenters from $12 to $16 per hour The following graph shows the labor demand of an individual firm On the 24 20 Supply Graph Input Tool answer in answer in thousands of workers.) Type hereto