Consider the market for new two-wheelers. If the price of steel increa – McqOptions

MCQOPTIONS

1.	Consider the market for new two-wheelers. If the price of steel increases, then the equilibrium price of new two wheelers will __________ and theÂ equilibrium quantity will ___________._x005F_x000D_
A.	increase; increase
B.	decrease; decrease
C.	increase; decrease
D.	decrease; increase
Answer» D. decrease; increase

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