Business, 09.03.2020 21:46, carolinamleal04
Two events occur simultaneously in the market for automobiles: (1) an improvement in assembly line 'technology' and (2) the economy enters a 'recession' (which decreases 'income' of consumers). An economist would predict with certainty that (Points: 4)
a. equilibrium quantity will rise.
b. equilibrium quantity will fall.
c. equilibrium price will rise.
d. equilibrium price will fall.
e. the equilibrium price will remain the same.
Answers: 2
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Two events occur simultaneously in the market for automobiles: (1) an improvement in assembly line '...
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