a. Suppose that all of the bike couriers form a union and set
a requirement that all members have a minimum height
of 6’2”. Draw the new supply curve and show the effect
on the wage and number of deliveries.
b. Starting from the initial equilibrium, suppose the bike
couriers form a union and impose a minimum acceptable
wage of $15 per delivery. Draw the new supply curve and
show the effect on the wage and number of deliveries.
c. Starting from the initial equilibrium, suppose the local
government imposes a legislated minimum wage of $13
per delivery. Draw the new supply curve and show the
effect on the wage and number of deliveries.
rishikesh
(rishikesh)
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