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mooncalled mooncalled
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2 months ago

One reads the following in a newspaper: "Today the president and Congress agreed to impose new restrictive quotas on Japanese cars coming into the country." As a result, an economist would predict that the



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supply of cars in the country will remain the same and the (average) price of cars will fall.



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supply of cars in the country will fall and the (average) price of cars will rise.



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supply of cars in the country will rise and the (average) price of cars will fall.



▸

demand for cars in the country will fall and the (average) price of cars will rise.



▸

demand for cars in the country will rise and the (average) price of cars will rise.

Textbook 
Economics

Economics


Edition: 12th
Author:
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carducbcarducb
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2 months ago
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supply of cars in the country will fall and the (average) price of cars will rise.
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mooncalled Author
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2 months ago
Brilliant ツ
homework1
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Yesterday
this is exactly what I needed
oscar520000
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2 hours ago
Correct Slight Smile TY
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