Question: ( Q 2 ) What effect will each of the following have on the supply of auto tires? ( 7 ) ( a ) A
Q What effect will each of the following have on the supply of auto tires?
a A technological advance in the methods of producing tires
b A decline in the number of firms in the tire industry
c An increase in the prices of rubber used in the production of tires
d A decline in the price of the large tires used for semitrucks and earthhauling rigs with no change in the price of auto tires
e The levying of a perunit tax on each auto tire sold.
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