The table below shows the quantity demanded and supplied in the labor market for full-time Nursing Instructors at the University of Hawaii. Quantity of Quantity of Professor Professor Annual Salary...

Extracted text: The table below shows the quantity demanded and supplied in the labor market for full-time Nursing Instructors at the University of Hawaii. Quantity of Quantity of Professor Professor Annual Salary Demanded Supplied $ 50,000.00 300 60 $ 65,000.00 250 80 $ 75,000.00 200 100 $ 90,000.00 150 150 $ 105,000.00 100 200 $ 120,000.00 50 250 a. If no union existed, how many professors would be hired and what would the equilibrium salary for Nursing Instructors be? b. Assume the union has enough negotiating power to raise the annual salary by $15,000 more than a non-unionized equilibrium salary. Explain what will happen in the labor market for Nursing Instructors. What is the new salary and how many instructors will be hired and how many will be unable to find a position? c. The University of Hawaii system has a history of paying Nursing Instructors more than Instructors in other programs. Why do you think this is? Maximum number of characters (including HTML tags added by text editor): 32,000 Show Rich-Text Editor (and character count) Activate Windows Go to Settings to activate Windows.