Assume D2 is the relevant demand curve. If new licensing rules cause the supply of crane operators to fall to S2 A.)The equilibrium pay rate will be $90,000. B.) Economic rent will fall for the 490 crane operators. C.) Economic rent will increase for the first 209 operators. D.) The equilibrium pay rate will equal $100,000. E.) The economic rent for all crane operators will fall to zero. (Their Two Answer Choices)

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Assume D2 is the relevant demand curve. If new licensing rules cause the supply of crane operators to fall to S2 A.)The equilibrium pay rate will be $90,000. B.) Economic rent will fall for the 490 crane operators. C.) Economic rent will increase for the first 209 operators. D.) The equilibrium pay rate will equal $100,000. E.) The economic rent for all crane operators will fall to zero. (Their Two Answer Choices)

Economics - Financial Markets
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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