A war in the Middle East causes the price of oil to rise. What would we expect to happen to the demand for automobile tires?
A) The demand for automobile tires will shift right.
B) The demand for automobile tires will shift left.
C) The demand for automobile tires will stay the same.
D) One cannot tell what will happen with the information given.
Correct Answer:
Verified
Q13: If income rises
A)the demand curve will shift
Q14: Please refer to the following diagram
Q15: If the government decides to set the
Q16: If the State of California decides to
Q17: Please refer to the following diagram.
Q19: Please refer to the following diagram.
Q20: Most economists are against rent control because
Q21: If price and quantity are not at
Q22: In a market economy price serves to
A)allocate
Q23: Two factors are affecting the domestic auto
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