Suppose chinese factory workers start a strike and unionize, Business Economics

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Suppose chinese factory workers start a strike and unionize

Consider the market for Nike shoes.

a. Suppose Chinese factory workers start a strike and unionize. Also, suppose Adidas releases a statement claiming Nike hires children under the age of 12 to work in their factories. Graph the shift in supply and/or demand. Be sure to label the new equilibrium price and quantity. Additionally, state whether the new price and quantity are less than or greater than their original amounts.

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Business Economics: Suppose chinese factory workers start a strike and unionize

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