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Market Equilibrium
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Market Equilibrium
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3. The Market Forces of Supply and Demand / Market Equilibrium / Problem 1
Problem 1
If the price of steel increases, what is the likely impact on the supply curve for cars?
A
The demand curve will shift to the left.
B
The supply curve will shift to the left.
C
The supply curve will shift to the right.
D
There will be movement along the supply curve.
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