Suppose the price of steel goes up in the United States. What happens in the market for automobiles?

Name: Suppose the price of steel goes up in the United States. What happens in the market for automobiles?
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Question

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When the price of steel increases, it becomes more expensive for automobile manufacturers to produce cars, leading to a decrease in the supply of automobiles. This is represented by the supply curve shifting upward and to the left.

Suppose the Price of Steel Goes Up in the United