History, 16.10.2020 21:01 jaffeisabel
Recent newspaper headline read: "New laws on the car industry effect car producers"
What will happen to the equilibrium price of cars based on the change in market conditions discussed in the headline if all other things are held constant?
А
Supply will increase, so equilibrium price will decrease
B
Supply will decrease, so equilibrium price will increase
С
Supply will increase, so equilibrium price will increase.
D
Supply will decrease, so equilibrium price will decrease
Answers: 3
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Recent newspaper headline read: "New laws on the car industry effect car producers"
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