Ask Question
1 August, 19:43

You are an owner of a car wash, and you meet with other neighborhood car wash owners. Consider that trips through the car wash and washing your car at home are substitutes. In an attempt to increase sales, you collectively decide to lower prices of trips through the car wash by 10%. Which of the following are consequences of this price change? Choose one or more: A. The supply of trips through the car wash will decrease. B. The demand for trips through the car wash will not change. C. The supply of trips through the car wash will increase. D. The demand for trips through the car wash will increase. E. The quantity supplied of trips through the car wash will decrease. F. Demand for washing your car at home will decrease.

+5
Answers (1)
  1. 1 August, 22:52
    0
    Answer:A, E and F
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You are an owner of a car wash, and you meet with other neighborhood car wash owners. Consider that trips through the car wash and washing ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers