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 71 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
Excellent

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2
Effect of substrate concentration on the initial velocity of an enzyme-catalyzed reaction Effect of substrate concentration on the initial velocity of an enzyme-catalyzed reaction
The effect of pH on the activity of lysozyme The effect of pH on the activity of lysozyme
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Balance the given redox reduction equation in basic solution using the half reaction method Balance the given redox reduction equation in basic solution using the half reaction method
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library