Assume the supply curve of truck drivers slopes upward and, Ask an Expert

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Assume the supply curve of truck drivers slopes upward and to the right and the demand curve for truck drivers slopes downward and to the right. A decrease in the price of diesel fuel for trucks will (increase/not change/decrease) the equilibrium wage of truck drivers and (increase/not change/decrease) the equilibrium number of drivers employed. A. Decrease; increase. B. Increase; decrease. C. Increase; increase. D. Not change; decrease. E. Decrease; decrease.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92188950

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