Help with my microeconomics question?

Posted on 2014-12-09 07:18:00 in Math by JANE

What will happen to the market for cars, if the price of gas falls and the price of steel increases?

a) Equilibrium point decreases while the change in quantity sold is unknown

b) Equilibrium price increases while the change in quantity sold is unknown

c) Equilibrium quantity decreases while the change in price is unknown

d) Equilibrium quantity increases while the change in price is unknown

e) Both equilibrium price and quantity increase

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