Problem
The Brain Surgeons' Brotherhood faces an own-wage elasticity of demand for their labor that equals -0.1. The Dog Catchers' International faces an own-wage elasticity of demand for their labor that equals -3.0. Suppose that leaders in both unions push for a 20 percent wage increase but have no power to set employment levels directly. Why might members of the Dog Catchers' International be more wary of the targeted wage increase?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.