Author Question: Higher gasoline prices would likely raise the price of large, gas-guzzling automobiles. a. True b. ... (Read 79 times)

geoffrey

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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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Answer to Question 1

False

Answer to Question 2

True



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