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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 16
Suppose auto workers receive a substantial wage increase. Other things being equal, the price of autos will rise because of a (an)
A) increase in the demand for autos.
B) rightward shift of the supply curve for autos.
C) leftward shift of the supply curve for autos.
D) reduction in the demand for autos.
A) increase in the demand for autos.
B) rightward shift of the supply curve for autos.
C) leftward shift of the supply curve for autos.
D) reduction in the demand for autos.
Explanation
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Similarly, if the non-price determinants...
Economics for Today 9th Edition by Irvin Tucker
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