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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: What would be the direct effect of a reduction in the U.S. selling price of Japanese-made cars on th
Post by: Sublight2097 on Jun 20, 2015
What would be the direct effect of a reduction in the U.S. selling price of Japanese-made cars on the U.S. demand for Japanese-made cars?
A) No effect, because price changes affect quantity demanded, not demand.
B) The demand would decrease.
C) The demand would increase.
D) We cannot tell unless we know the elasticities of demand for Japanese-made and American-made cars.
E) We cannot tell unless we know whether more cars can be imported from Japan.


Title: Re: What would be the direct effect of a reduction in the U.S. selling price of Japanese-made cars o
Post by: Chimelo46 on Aug 18, 2015
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Title: Re: What would be the direct effect of a reduction in the U.S. selling price of Japanese-made cars on th
Post by: Sublight2097 on Aug 31, 2015
Seriously, you've been tremendously helpful! Thank you.


Title: Re: What would be the direct effect of a reduction in the U.S. selling price of Japanese-made cars on th
Post by: Chimelo46 on Aug 31, 2015
It was nothing, thanks for updating us.