Which of the following statements are correct? A fall in the mortgage interest rate would shift up the demand curve for new houses. The launch of a new Sony smartphone would shift up the demand curve for existing iPhones. A fall in the oil price would shift up the demand curve for oil. A fall in the oil price would shift up the supply curve for plastics.

Which of the following statements are correct? A fall in the mortgage interest rate would shift up the demand curve for new houses. The launch of a new Sony smartphone would shift up the demand curve for existing iPhones. A fall in the oil price would shift up the demand curve for oil. A fall in the oil price would shift up the supply curve for plastics.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 6QR

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