How did Henry Ford’s moving assembly line affect the automotive industry? A. It caused a decline in automobile manufacturing bec
ause most workers did not enjoy the repetitious work. B. It brought about competition between auto manufacturers that drove up the price of cars. C. It helped lower the cost of automobiles through a more efficient manufacturing process. D. It had a very small impact on one aspect of the car manufacturing process.
A demand curve for a product with low elasticity appears to be steeper, because the quantity demanded doesn't change much, even if prices do. Products with low price elasticity are described as being inelastic
