Consider the Market for Ride-On Lawn Mowers and the Recent

question 90

Multiple Choice

Consider the market for ride-on lawn mowers and the recent increases in the price of oil.The recent increase in the price of oil makes it more expensive to manufacture ride-on lawn mowers.An increase in the price of oil also makes it more expensive to run a ride-on mower.What factors of demand and/or supply are affected by the changing price of oil?

• A) Price of related good, expectations of future
• B) Price of related good, price of input
• C) Price of input, income
• D) Price of input, number of buyers

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