A Sharp Rise in the Price of Oil from the Fall

question 83

Multiple Choice

A sharp rise in the price of oil from the fall of 2007 to the summer of 2008 led to a decline in the demand for large cars.This decline in demand for an output,

• A)led to a decline in the derived demand for autoworkers.
• B)led to an increase in the derived demand for autoworkers.
• C)had no impact on the derived demand for autoworkers.

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