If the Price of Steel, a Primary Input Used in Manufacturing

question 100

Multiple Choice

If the price of steel, a primary input used in manufacturing automobiles, rises, the supply curve for the automobile industry will _____.

• A) shift to the right
• B) become vertical
• C) become horizontal
• D) shift to the left

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Definitions:

Describe

To give a detailed account or explanation of something.

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A marketing strategy involving the sending of promotional materials directly to potential customers' homes or businesses.