Which occurrence could cause the demand curve for cars in your city to shift to the left?

2 answers:

7 0

First of all, let's clarify what the shift of the demand curve to the left means. The curve shifts that way implies a higher demand for cars in the city. Demand being a function of price will grow as the price goes down. Therefore, an occurrence that could lead to the curve leftward shift is for example a vast promotional campaign on cars, bringing about discounts, therefore cutting prices of such products.

maksim [4K]2 years ago

7 0

don't see how you answered the question but okay.

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An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. What are some

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<u>Answer</u>:

An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. There is some other characteristics of this market structure which is as follows:

C: Market control by a few large firms

<u>Explanation</u>:

“Oligopoly” is a market structure in which only some sellers offer similar or identical products. This means only small group of companies are dominating one specific segment of the market. In case any new company tries to enter the same segment, it is difficult for it get established as there are certain barriers created by the existing companies of that segment.

So, option A is incorrect as it says, “either identical or differentiated products” as the characteristic. Option B is also not correct as it says, “Market control by many small firms” and option D says “No Entry” which is also incorrect.

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Answer:

The answer is: D) All of the above are correct.

Explanation:

A) The state beach will tend to be overused because it is a public good that cannot exclude anyone from using it.

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