Business
Business, 28.12.2019 05:31, sunny1211

Assume the costs of production in the u. s. auto industry are rising and, at the same time, the prices of japanese-made autos are decreasing. what would reasonably be expected to happen to the equilibrium price and quantity of u. s.-made autos?
a) price will increase; quantity cannot be determined.
b) price will decrease; quantity cannot be determined.
c) quantity will increase; price cannot be determined.
d) quantity will decrease; price cannot be determined.

answer
Answers: 1

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Assume the costs of production in the u. s. auto industry are rising and, at the same time, the pric...

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