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3 years ago

Which curve shifts and in which direction when the following events occur in the domestic car market?

Business

1 answer:

Nookie1986 [14]3 years ago

6 0

For the following events that arise in the domestic car market:

a. Demand decrease & left.

b. Supply decrease $ left.

c. Demand decreases & left.

d. Demand decrease & Left.

a. When there is a recession, so the demand should decrease due to which the demand curve shifts to the left.

b. When the workers go on strike the production should decrease due to which the supply decreased due to which the supply curve shifts to the left.

c. When the imported cars should be expensive so the demand should be decreased due to which the demand curve shifts to the left.

d. When the gasoline price is increased so the car's demand should be decreased due to which the demand curve shifts to the left.

Therefore we can conclude that for the following events that arise in the domestic car market:

a. Demand decrease & left.

b. Supply decrease $ left.

c. Demand decreases & left.

d. Demand decrease & Left.

Learn more: brainly.com/question/2733525

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