Hot Student Stories

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

Ramon Kelly

in Social studies

1 answer

1 answer

Blair Lewis on May 30, 2018

The answer would be : a. IncreasesIf the consumer received a Tax cut, they will have more disposable Income that you can use to buy Products.The car companies see this as an opportunity to increase the price of their products to generate more revenue for the company

Add you answer