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amanam amanam
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5 years ago
What happens to the equilibrium price and quantity of automobile tires if rubber prices increase and the price of automobiles falls?
A) The equilibrium price and quantity decrease.
B) The equilibrium price falls, but the change in equilibrium quantity is unknown.
C) The equilibrium price and quantity increase.
D) The equilibrium quantity decreases, but the change in equilibrium price is unknown.
E) The equilibrium price rises, but the change in equilibrium quantity is unknown.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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wrote...
5 years ago
 E
amanam Author
wrote...
5 years ago
Appreciate the effort you put into answering, thank you!
wrote...
5 years ago
You're very welcome
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