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Business, 24.12.2019 00:31 1129682

In the automobile industry, workers have just negotiated a new contract giving workers a large raise. there has also been an increase in the number of licensed drivers who are in the market for a new car. in the market for new automobiles, the effects that these changes will have on the equilibrium price and quantity include: a. price will decrease, and the effect on quantity is indeterminate. b. price will decrease, and quantity will increase. c. price will increase, and quantity will decrease. d. price will increase, and the effect on quantity is indeterminate.

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