(Answered) Question detroit oil refinery expansion approved marathon

Economics

Question: Detroit Oil Refinery Expansion Approved Marathon Oil Saturday started work on a $1.9 billion expansion of its gasoline refinery in Detroit. Marathon will employ 800 construction workers and add 135 permanent jobs to the existing 480 workers at the refinery.

Source: United Press International, June 21, 2008

a. Explain how rising gasoline prices influence the market for refinery labour.

b. Draw a graph to illustrate the effects of rising gasoline prices on the market for refinery labour.

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