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Suppose labor demand is given by the equation w=100-3q and labor supply is given by the equation w=20+q, where w is real wage and q
Suppose labor demand is given by the equation w=100-3q and labor supply is given by the equation w=20+q, where w is real wage and q is labor. Strong unions fight for a $46 real wage and let's assume there are no discouraged workers. Compared to the free- market competitive equilibrium, what is the resulting number of unemployed workers? (round to nearest integer if necessary) 18 30 26 20 0 8
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