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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Profitable Partnerships

Collaborations between businesses that aim to enhance profitability and achieve mutual goals.

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

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Elements related to the laws and regulations that can influence or impact businesses, policies, and individuals' actions.

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