Multiple Choice
Use the following to answer questions :
Figure 3-3
-Assume that automotive workers go on strike, so that the production of cars falls.Given the supply and demand curves in Figure 3-3, which of the following would result in comparison to the initial equilibrium position?
A) Prices fall, Quantity falls
B) Prices rise, Quantity falls
C) Prices rise, Quantity rises
D) Prices and Quantity do not change.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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