What the impact of incentive cuts as well as fare increase
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Now consider drivers' decision on how many hours they work everyday. How do they determine the optimal quantity of labor to supply? What's the impact of incentive cuts as well as fare increase on their decision of labor supply?
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How do they determine the optimal quantity of labor to supply? What's the impact of incentive cuts as well as fare increase on their decision of labor supply?
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What effect does the new marketing margin have on equilibrium quantity and farm and retail prices? Were the price changes larger at retail level or farm level?
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