What will happen in the labor market for commercial truck drivers if the government raises the requirements needed to obtain a commercial driver's license?
A) The supply of truck drivers will decrease, resulting in a higher wage and lower quantity of labor.
B) The supply of truck drivers will increase, resulting in a lower wage and higher quantity of labor.
C) The demand for truck drivers will decrease, resulting in a lower wage and lower quantity of labor.
D) The demand for truck drivers will increase, resulting in a higher wage and higher quantity of labor.
Correct Answer:
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