According to this Application, over the past few years there has been a ________ increase in ________ of automobile parts from outside the United States and Canada

What is the equilibrium price and quantity under perfect competition?

a. Q=10 and P=40 b. Q=10 and P=60 c. Q=20 and P=40 d. Q=20 and P=60

Autoworkers negotiate a wage increase. How does this change affect the supply curve of? cars?

A) It shifts the supply curve leftward. B) It shifts the supply curve rightward. C) It does not shift the supply curve or create a movement along it. D) The supply curve will shift but there is not enough information to tell if the change shifts the supply curve rightward, leftward, or not at all. E) It creates a movement downward along the supply curve.