The price of tires increases. Price $1
Quantity
Cars
The supply curve shifts
The non-price determinant of supply that is
used is

What was the result of president taft's "dollar diplomacy

Cooperation among oligopolies runs counter to the public interest because it leads to underproduction and high prices. in an effort to bring resource allocation closer to the social optimum, public officials attempt to force oligopolies to compete instead of cooperating. consider the following scenario: suppose that the presidents of two auto manufacturing companies exchange text messages in which they discuss jointly raising prices on their new lines of hybrid suvs. this illegal communication would violate which of the following laws? the sherman antitrust act of 1890 the robinson–patman act of 1936 the celler–kefauver act of 1950 the clayton act of 1914

Advances in technology generally result a.) a higher standard of living for everyone b.) greater productivity c.) more jobs for everyone d.) more government regulation