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anonymous

  • one year ago

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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  1. anonymous
    • one year ago
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  2. madhu.mukherjee.946
    • one year ago
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    option A and option c

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