Steel Is an Important Input to the Production of Cars

question 28

Multiple Choice

Steel is an important input to the production of cars.Tires and cars are used together by consumers.What will occur in the market for tires when there is an increase in the price of steel?

• A)price rises,quantity rises
• B)price falls,quantity rises
• C)price rises,quantity falls
• D)price falls,quantity falls
• E)no change in price or quantity occurs

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Definitions:

Discriminatory Laws

Legislation that makes distinctions among people based on race, gender, religion, or other arbitrary characteristics, often leading to unfair treatment or disadvantages.

Mid-1900s

Refers to the period from 1950 to 1959, encompassing the middle decade of the 20th century.

Racially Categorized Groups

Collections of people distinguished by physical or genetic traits, often subjected to social segregations and differing social treatments based on these categorizations.

Social Practices

The routines, habits, traditions, and norms that characterize the everyday activities within a particular culture or society.