If the Price of Rubber Were to Increase by 20

question 16

Multiple Choice

If the price of rubber were to increase by 20% over the fiscal year and if all else were held constant,what would you expect to happen to the supply curve of tires that are sold separately from automobiles?

• A) The supply curve would shift to the right.
• B) The quantity supplied would increase.
• C) The supply curve would shift to the left.
• D) The supply curve would shift down.
• E) Nothing; the cost of rubber has no impact on the supply of tires.

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