When the price of inputs in production goes up and none of, Ask an Expert

Economics

When the price of inputs in production goes up and none of the other variables that shift the curves change, what happens to the equilibrium quantity of sport utility vehicles?

A. The equilibrium quantity will go down.

B. You cannot tell how this will affect the equilibrium quantity.

C. The equilbrium quantity will go up.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M948368

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