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5 May, 23:13

All consumers have received a tax cut. What happens to the equilibrium price of automobiles?

a. increases

c. remains the same

b. decreases

d. none of the above

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Answers (1)
  1. 6 May, 02:26
    0
    The answer would be : a. Increases

    If the consumers received a Tax Cut, they will have more Disposable Income that they can used to buy Products.

    Automobiles' companies will see this as an opportunity to increase the price of their product to generate more revenue for the company
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