Which curve shifts and in which direction when the following events occur in the domestic car market?
a. The U.S. economy falls into a recession.
There is no change in either curve.
Supply increases.
Demand decreases.
Supply decreases.
Demand increases.
b. U.S. autoworkers go on strike.
There is no change in either curve.
Supply increases.
Demand decreases.
Supply decreases.
Demand increases.
c. Imported cars become more expensive.
Demand increases.
Supply increases.
There is no change in either curve.
Demand decreases.
Supply decreases.
d. The price of gasoline increases.
There is no change in either curve.
Supply decreases.
Demand decreases.
Supply increases.
Demand increases.

Respuesta :

For the following events that arise in the domestic car market:

a. Demand decrease & left.

b. Supply decrease $ left.

c. Demand decreases & left.

d. Demand decrease & Left.

a. When there is a recession, so the demand should be reduced due to which the demand curve shifts to the left.

b.  When the workers go on strike the production should be reduced due to which the supply decreased due to which the supply curve shifts to the left.

c. When the imported cars should be expensive so the demand should be reduced due to which the demand curve shifts to the left.

d. When the gasoline price is increased so the car's demand should be reduced due to which the demand curve shifts to the left.

Therefore we can conclude that for the following events that arise in the domestic car market:

a. Demand decrease & left.

b. Supply decrease $ left.

c. Demand decreases & left.

d. Demand decrease & Left.

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