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March 27, 2017

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Please help.
Can anyone give me a couple of examples of political activites that the union can pursue to manipulate the firm's elasticity of labor demand using Marshalls rules of derived demand.

  • economics - ,

    Unions have been effective in affecting legislation regarding:
    1) worker safety
    2) worker conditions
    3) number of workable hours in a week
    4) notification requirement before layoffs
    5) minimum wages
    6) etc.

    Each of these has an impact on the level and elasticity in the demand for labor.

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