In the above figure, which wage rate will maximize union members' income?

Which of the following changes will be observed in the labor market of a country that follows strict population control measures?

a. The labor supply curve will shift to the right. b. The labor demand curve will shift to the right. c. The labor supply curve will shift to the left. d. The labor demand curve will become flatter.

According to Say's law,

A) if there is demand for a good, someone will supply it. B) production creates demand sufficient to purchase all goods and services produced. C) supply and demand work together to determine price. D) trading takes longer in a barter economy than in a money economy. E) none of the above