An increase in the price of off-road vehicles will result in a. a smaller quantity of off-road

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An increase in the price of off-road vehicles will result in

a. a smaller quantity of off-road vehicles supplied.

b. a larger quantity of off-road vehicles supplied.

c. an increase in the demand for off-road vehicles.

d. a decrease in the supply of off-road vehicles.

Related Book For answer-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Dec 13, 2022 12:40 PM

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An increase in the price of off-road vehicles will result in a. a smaller quantity of off-road

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When the price of a good or service increases it causes a shift in the supply and demand curves In the case of off road vehicles an increase in price ... View the full answer

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