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

Economics

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.:- M92195320

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