An increase in the price of steel to producers of refrigerators will cause
A) the quantity demanded for steel to increase.
B) the demand for refrigerators to decrease.
C) the quantity supplied of refrigerators to increase.
D) the supply curve for refrigerators to shift left.
D
Economics
You might also like to view...
Refer to Figure 4-18. How much of the tax is paid by buyers?
A) $8 B) $5 C) $4 D) $3
Economics
With an upward sloping LM curve, a falling interest rate __________ money demand, so that an expansionary monetary policy is __________ than in the case of a vertical LM curve
A) raises; stronger B) raises; weaker C) has no effect on; stronger D) has no effect on; weaker
Economics