Consider the market for ride-on lawn mowers and the recent increases in the price of oil.The recent increase in the price of oil makes it more expensive to manufacture ride-on lawn mowers.An increase in the price of oil also makes it more expensive to run a ride-on mower.What factors of demand and/or supply are affected by the changing price of oil?

Question

Quizplus · Accepted Answer

The changing price of oil affects the price of input for ride-on lawn mowers (i.e. it becomes more expensive to manufacture and operate the mowers), which is a factor of supply. Therefore, choice B is the best option. The price of related good, expectations of future, income, and number of buyers are not directly affected by the changing price of oil in this scenario.

Consider the Market for Ride-On Lawn Mowers and the Recent