Question

In the 1970s, the Organization of Petroleum Exporting Countries (OPEC) tripled the price of petroleum, causing automobile manufacturers to look for ways to produce more fuel-efficient cars by substituting aluminum and plastic for steel. This was primarily a response to the economic question of ________

Answer 1

Answer:

incrase in the input prices

Explanation:

In the short-run the cars manufactured couldn't respond in other way than increasing their prices.

But, in the long-run as all facotr are variable, the car industry thrive to make more efficient milles per gallon engines, decrease the car weight and give more aerodynamics as well. All this makes the petroleum needs decrease to adjust forthe increase in price.