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economics Graph Input Tool I Wage Rate WAGE RATE (Dollars per hour) 15 Supply (Dollars per hour) Quantity 15 Quantity Supplied Demanded (Thousands of 15

economics

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Graph Input Tool I Wage Rate WAGE RATE (Dollars per hour) 15 Supply (Dollars per hour) Quantity 15 Quantity Supplied Demanded (Thousands of 15 (Thousands of workers 12 workers Surplus Shortage (Thousands of 0 Thousands of Workers' WOYMETS Demand Shifter 3 Pro-Union Advertising 0 (Mons of dollars) D 5 10 15 20 QUANTITY OF LABOUR (Thousands of workers) The union's wage increase from $9 to $12 per hour causes a surplus of workers. (Note: Be sure to enter your answer in thousands of workers.) Suppose that the union, in order to mitigate the unemployment caused by the wage increase, bolsters demand by rolling out a "Buy Union" advertising campaign. If the union spends $3 million on the campaign, the surplus of labour will be workers. (Note: Be sure to enter your answer in thousands of workers.)

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