When Smartville's personal computer assembly plant closed, 30% of the community's labor force was laid off. Following this event Joe's New Car Dealership (NCD, Inc.) complained because the __________ new cars __________.

Question

Quizplus · Accepted Answer

When a significant portion of the labor force is laid off, such as 30% in this case, the overall purchasing power and demand in the community decrease. This leads to a fall in the demand for non-essential goods like new cars.

When Smartville's Personal Computer Assembly Plant Closed, 30% of the Community's