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 68 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
Gracias!

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

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?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1
Effect of extracellular osmolarity on water movement across a plasma membrane Effect of extracellular osmolarity on water movement across a plasma membrane
Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience. Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience.
The Greenhouse Effect: Influences on Temperature The Greenhouse Effect: Influences on Temperature
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
The Coriolis Effect The Coriolis Effect
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library