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Author Question: Higher gasoline prices would likely raise the price of large, gas-guzzling automobiles. a. True b. ... (Read 66 times)

geoffrey

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on: Jun 30, 2018
Higher gasoline prices would likely raise the price of large, gas-guzzling automobiles.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would increase.
 a. True
  b. False
  Indicate whether the statement is true or false


anoriega3

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

True


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geoffrey

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Reply #2 on: Jun 30, 2018
Thank you :)


anoriega3

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Reply #3 on: Jun 30, 2018
Happy to help you


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