ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There will be an increase in S
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There will be a decrease in S
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There will be an increase in QS
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There will be a decrease in QS
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There will be a change in Demand-so supply is unaffected
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Detailed explanation-1: -Labor strikes can have a profound impact on the flow of goods, causing disruptions and increased costs for businesses. These events can affect the entire supply chain, from raw materials to finished products, and can result in delayed deliveries, stockouts, and other operational challenges.
Detailed explanation-2: -On December 16, 1936, 1, 000 employees of the Fisher Body plant located in the Leeds district of Kansas City sat down on the job to protest the recent firing of a worker and demand that General Motors recognize the unionization of autoworkers.
Detailed explanation-3: -From November 21, 1945 to March 13, 1946 (113 days), CIO’s United Automobile Workers (UAW), organized “320, 000 hourly workers” to form a nationwide strike against General Motors, workers used the tactic of the sit down strike.
Detailed explanation-4: -It essentially stopped production at more than 30 GM factories and slowed production for auto parts suppliers in the US and Mexico, costing the company anywhere from $50 million to $100 million a day.