This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the effect of a reduction in the price of steel on the equilibrium price and quantity of ... (Read 66 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
What is the effect of a reduction in the price of steel on the equilibrium price and quantity of automobiles?
 a. Both equilibrium price and equilibrium quantity rise.
  b. Both equilibrium price and equilibrium quantity fall.
  c. Equilibrium price rises and equilibrium quantity falls.
  d. Equilibrium price falls and equilibrium quantity rises.
  e. Both equilibrium price and equilibrium quantity remain unchanged.

Question 2

Which of the following would shift the supply curve for CDs to the right?
 a. a decrease in the price of materials used to make CDs
  b. a rise in the cost of labor used to make CDs
  c. an increase in the price of audio cassettes
  d. a decrease in the number of suppliers
  e. an increase in the price of CDs


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


javeds

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
:D TYSM

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

The mechanism of maternal effect in snail coiling. The mechanism of maternal effect in snail coiling.
Review Bundling, Add-on Codes, and Quantity Edits Review Bundling, Add-on Codes, and Quantity Edits
Is the principle of cause and effect unfounded? Is the principle of cause and effect unfounded?
Commonly Used grades of Austenitic Stainless Steel Commonly Used grades of Austenitic Stainless Steel
Reduction of a ribonucleoside diphosphate by rNDP reductase Reduction of a ribonucleoside diphosphate by rNDP reductase
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Video: Hip Animation

For a complete list of videos, visit our video library