Question: Question 1 10 points Save Answer What will happen to the equilibrium price and quantity of Honda Accords if airbags in Toyotas are recalled, auto

Question 1 10 points Save Answer What will happen to the equilibrium price and quantity of Honda Accords if airbags in Toyotas are recalled, auto workers wages rise, and unemployment falls from 5 to 2 percent nationally? Price will rise and the effect on quantity is ambiguous. Quantify will fall and the effect on price is ambiguous. Price will fall and the effect on quantity is ambiguous The effect on both price and quantity is ambiguous. Both price and quantity will fall. Moving to another question will save this response. Question 1 of 10 > >> Question 2 10 points Save Answer The Ford Motor Company announces that it will offer a $5,000 rebate on new cars starting next month. As a result, the equilibrium price and quantity of Ford cars today will... Price will rise but quantity will fall Price and quantity will fall None of the above The effect on both price and quantity is ambiguous There will be no change in either price or quantity

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