When the price of automobile insurance increases sharply, the likely impact on the market for automobiles is:
a. an increase in demand
b. an increase in quantity demanded.
c. a decrease in demand.
d. a decrease in quantity demanded.
c
Economics
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In the above figure, when disposable income is greater than 600
A) saving is negative. B) the MPC is greater than 1. C) saving is positive. D) the MPS is negative.
Economics
A firm's long-run average cost curve represents the minimum cost of producing each level of output when the scale of production can be adjusted.
Answer the following statement true (T) or false (F)
Economics