If, for any reason the wage is held above the competitive equilibrium wage?
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A. Unions will likely Strike and the wage will fall to equilibrium
B. The quality of workers in the applicant pool will tend to fall
D. The quantity of labour demanded will exceed the quantity of labour supplied and there will be a labour shortage
Found an error? Read our corrections policy and submit a sourced correction below. You can also share a useful explanation in your own words.