Multiple Choice
Which of these circumstances would NOT affect the supply of new automobiles?
A) an improvement in automobile manufacturing technology
B) a labor strike in the steel industry
C) higher interest rates for new car financing
D) a subsidy for struggling automobile manufacturers
Correct Answer:

Verified
Correct Answer:
Verified
Q178: In a market-based economy, scarce resources are
Q179: What are the five determinants of demand?
Q180: When quantity demanded in a market equals
Q181: When production technology improves, supply increases and
Q182: Suppose that a product's supply and demand
Q184: A shift in the demand curve is
Q185: Willingness-to-pay _ from person to person and
Q186: A change in demand causes a movement
Q187: Amit is willing and able to pay
Q188: Which statement about the pet goods market