Automobile firms can use their inputs to make hybrid cars or "regular" (non-hybrid) cars. If the equilibrium price of hybrid cars rises sharply, the resulting shift in the supply curve for "regular" cars will cause: an increase in the equilibrium price of "regular" cars a decrease in the equilibrium price of "regular" cars an increase in the equilibrium quantity of "regular" cars
Automobile firms can use their inputs to make hybrid cars or "regular" (non-hybrid) cars. If the equilibrium price of hybrid cars rises sharply, the resulting shift in the supply curve for "regular" cars will cause: an increase in the equilibrium price of "regular" cars a decrease in the equilibrium price of "regular" cars an increase in the equilibrium quantity of "regular" cars
Chapter4: Markets In Action
Section: Chapter Questions
Problem 6SQ
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is the answer b? Idk why I think that.
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