Which of the following scenarios would result in an increase in the wage rate of solar panel installers and a decrease in the quantity of solar panel installers employed in Billy?s town?
|An increase in the demand for solar panels raises the price of each installation.|
|A decrease in people?s income decreases the demand for solar panels.|
|Wages of solar panel installers increase in another town and attract workers away from Billy?s town.|
A solar panel company shuts down in another town and solar panel installers try to find jobs in Billy?s town.
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