A. increase the demand for fishing boats and decrease rental rates on fishing boats
B. decreases the demand for fishing boats and increase rental rates on fishing boats.
C. decreases the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry
D. increase the demand for fishing boats and increase rental rates on fishing boats
Correct Answer: decreases the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry ✔
Last Updated: June 18, 2019