Multiple Choice
A sharp rise in the price of oil from the fall of 2007 to the summer of 2008 led to a decline in the demand for large cars.This decline in demand for an output,
A) led to a decline in the derived demand for autoworkers.
B) led to an increase in the derived demand for autoworkers.
C) had no impact on the derived demand for autoworkers.
Correct Answer:
Verified
Correct Answer:
Verified
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