Which of the following would shift the supply of cars to the left? Increased toll prices...
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Which of the following would shift the supply of cars to the left? Increased toll prices are causing more consumers to use public transportation to commute to work. a. b. The price of a car increases by $9,000. New assembly line technology allows a car to be produced at half the cost. The cost of the aluminum used to make a car's frame increases. с. d. Which of the following would shift the supply of cars to the left? Increased toll prices are causing more consumers to use public transportation to commute to work. a. b. The price of a car increases by $9,000. New assembly line technology allows a car to be produced at half the cost. The cost of the aluminum used to make a car's frame increases. с. d.
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Shift of supply curve to the left means decrease in supply Decrease in supply refers t... View the full answer
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
Posted Date:
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