An increase in the price of gasoline shifts the demand for tires to the
a. left, because gasoline and tires are substitutes.
b. left, because gasoline and tires are normally used together.
c. right, because gasoline and tires are substitutes.
d. right, because gasoline and tires are normally used together.
b
Economics
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An industry consists of all firms that supply output to a particular market
a. True b. False
Economics
If the number of consumers in a market increases, the market demand curve will
a. decrease, which is a shift to the left of the demand curve. b. increase, which is a shift to the right of the demand curve. c. not shift, but rather this will just cause a movement along the demand curve. d. do none of the above.
Economics