Assume that the health insurance premiums of auto workers decrease. What will happen in the market for automobiles? Oa. The equilibrium price and quantity of automobiles will decrease. Ob. The equilibrium price and quantity of automobiles will increase. Oc. The equilibrium price of automobiles will increase and the equilibrium quantity will decrease. Od. The equilibrium price will decrease and the equilibrium quantity will increase.

Assume that the health insurance premiums of auto workers decrease. What will happen in the market for automobiles? Oa. The equilibrium price and quantity of automobiles will decrease. Ob. The equilibrium price and quantity of automobiles will increase. Oc. The equilibrium price of automobiles will increase and the equilibrium quantity will decrease. Od. The equilibrium price will decrease and the equilibrium quantity will increase.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 8PA

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Similar questions

Many changes are affecting the market for oil. Predict how each of the following events will affect the equilibrium price and quantity in the market for oil. In each case, state how the event will affect the supply and demand diagram. Create a sketch of the diagram if necessary. Cars are becoming more fuel efficient, and therefore get more miles to the gallon. The winter is exceptionally cold. A major discovery of new oil is made off the coast of Norway. The economies of some major oil-using nations, like Japan, slow down. A war in the Middle East disrupts oil-pumping schedules. Landlords install additional insulation in buildings. The price of solar energy falls dramatically. Chemical companies invent a new, popular kind of plastic made from oil.
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Note: don't use chat gpt
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K Does an increase in the supply of tank tops bring a surplus or a shortage of tank tops at the original price? How does the price of a tank top change as the market moves to its new equilibrium? An increase in the supply of tank tops brings a OA. surplus; fall O B. shortage; rise OC. shortage; fall O D. surplus; rise of tank tops at the original price, and the price of a tank top will K Does an increase in the supply of tank tops bring a surplus or a shortage of tank tops at the original price? How does the price of a tank top change as the market moves to its new equilibrium? An increase in the supply OA. surplus, fall OB shortage, rise OC. shortage, fall OD. surplus, rise tank tops brings a of tank tops at the original price, and the price of a tank top will