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Economics
MEDIUM
ENGLISH
Economics
What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?
A
increase the demand for fishing boats and decrease rental rates on fishing boats
Option A
B
decreases the demand for fishing boats and increase rental rates on fishing boats.
Option B
decreases the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry
Correct answer
D
increase the demand for fishing boats and increase rental rates on fishing boats
Option D
Correct answer: C
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