Please, look at the table below which indicates thequantity supplied and demanded in the labor market forphilosophy professors at a California university. All thesephilosophy professors belong to a faculty union.AnnualSalary$50,000$60,000$70,000$80,000$90,000$100,000professors.demand, 50Quantity ofworkers demandedsupply 50supply, 25demand, 25958065503520If the faculty union is able to negotiate with the universityadministration and increase the salary of the faculty by$10,000 more than a non- unionized California universitywould be willing to pay, then there will be excessof labor ofQuantity ofworkers supplied203040506070philosophy

Given information: We have given the quantity supplied and demanded in the labor market for…

quantity supplied and demanded in the labor market for philosophy professors at a California university. All these philosophy professors belong to a faculty union. Annual Salary $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 Quantity of workers demanded 95 80 65 50 35 20 Quantity of workers supplied 20 30 40 50 60 70 If the faculty union is able to negotiate with the university administration and increase the salary of the faculty by $10,000 more than a non- unionized California university villing then th