1. If population doubles in size, what can be expected to happen to the market for automobiles? a. people will use fewer automobiles. b. people will buy more automobiles at any given price. c. automobile manufacturers will decrease supply. d. the price of automobiles will decrease. e none of the above will happen.

1. If population doubles in size, what can be expected to happen to the market for automobiles? a. people will use fewer automobiles. b. people will buy more automobiles at any given price. c. automobile manufacturers will decrease supply. d. the price of automobiles will decrease. e none of the above will happen.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 2DQ

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