CompetitiveMarketsperfectcompetitionmarketequilibriumsupplyshiftdemandshiftadjustmenttimereceiptsvis-à-visincidenceManagerialEconomicsZhigangTao*ZhigangTao*Question-1Ashippingline’smajorvariablecostsarefuelandlabor,whileitsmajorfixedcostistheinvestmentinthevessels.Ifthecostoffueldropsby15%,whatwillb