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insherro insherro
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7 years ago
Assume there is a simultaneous decrease in the cost of batteries used in hybrid cars and a shift in consumer preferences toward more fuel-efficient vehicles. Based on this, we can conclude, with certainty, that in the market for hybrid cars, equilibrium:
A) price will decrease.
B) price will increase.
C) quantity will decrease.
D) quantity will increase.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 172 times
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University of Ottawa - Economics for Managers
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sofreshsofresh
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Posts: 466
7 years ago
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1
Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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