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pinkkurage pinkkurage
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2 years ago
Steel is an important input to the production of cars. Tires and cars are used together by consumers. What will occur in the market for tires when there is an increase in the price of steel?

▸ Price falls; quantity rises.

▸ Price rises; quantity falls.

▸ Price rises; quantity rises.

▸ Price falls; quantity falls.

▸ No change in price or quantity occurs.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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annalassannalass
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