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Business, 06.03.2021 04:50 Leggett8152

What will happen to the equilibrium price and quantity of new cars if the price of gasoline rises, public transportation becomes cheaper and more comfortable, and the price of steel to produce cars decrease a. Quantity will fall, and the effect on price is ambiguous
b. Quantity will rise, and the effect on price is ambiguous
c. Price will rise, and the effect on quantity is ambiguous
d. Price will fall, and the effect on quantity is ambiguous

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