menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Micro economics 2
  4. Exam
    Exam 2: Principles of Market Structures and Microeconomic Theory
  5. Question
    If There Is a Permanent Increase in the Demand for Cars
Solved

If There Is a Permanent Increase in the Demand for Cars

Question 2

Question 2

Multiple Choice

If there is a permanent increase in the demand for cars, car manufacturers will want to hire ________ workers, which will cause wages in the industry to ________.


A) more, rise
B) more, drop
C) less, rise
D) less, drop

Correct Answer:

verifed

Verified

Related Questions

Q1: A firm may decide to shut down

Q3: Perfect completion means _ rivalry<br>A)perfect<br>B)absence of<br>C)fierce<br>D)intense

Q4: In a perfectly competitive market<br>A)each firm sets

Q5: _ is situation in which a particular

Q6: _ is a market in which there

Q7: Profits are maximized when the firm<br>A)captures the

Q8: If many students choose to study to

Q9: If a perfectly competitive firm finds that

Q10: If the supply curve for labor is

Q11: The demand curve for a perfectly competitive

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines