An increase in the price of steel to car manufacturers will cause
A. the demand for cars to decrease.
B. the supply curve for cars to shift left.
C. the quantity supplied of cars to increase.
D. the quantity demanded for cars to increase.
Answer: B
Economics
You might also like to view...
Which of the following statements is true of the gains to trade?
A) The gains to trade expand as trading partners become more alike. B) The gains to trade shrink as trading partners become more alike. C) The trading nations can enjoy gains to trade even when none of these countries has a comparative advantage in the production of any good. D) The gains to trade are equal for all trading partners.
Economics
The type of unemployment associated with recessions is called:
What will be an ideal response?
Economics