--%>

Problem on Complementary Goods

From the viewpoints of auto makers, the weakening of OPEC oil cartel in the year 1990s resulted in a/an: (1) Rise in demand for cars. (2) Reduction in demand for cars. (3) Rise in the supply of cars. (4) Reduction in supply of cars.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Effects of increasing the price raise

    Increasing the price as in demonstrated figure for DVD games will raise total revenue at the entire prices: (w) on this demand curve. (x) above $30. (y) below $30. (z) below $25. Hey friends please give your opinio

  • Q : Profit-maximizing pure competitor at

    The break-even point as illustrated below for that profit-maximizing pure competitor happens at the price consequent to: (w) point f. (x) point h. (y) point j. (z) point k.

    Q : Theory of imperfect competition An

    An extensive theory of imperfect competition was initially developed by: (1) John Maynard Keynes. (2) Antoine Augustin Cournot. (3) Joan Robinson. (4) Joseph Schumpeter. (5) Thorstein Veblen. How can I solve my

  • Q : Poverty by throughout lives Which of

    Which of the given statements is not correct? (w) Wealth is less equally distributed than income. (x) U.S. tax and transfer programs tend to make income more evenly distributed. (y) Some disincentives for work plague even the most efficient of proposed welfare reforms

  • Q : Payments in dictionary of economic The

    The economic word for payments for the utilization of capital is: (1) dividends. (2) interest. (3) profit. (4) residuals. (5) royalties. I need a good answer on the topic of Economics problems. Ple

  • Q : AFC curve What does AFC curve appear

    What does AFC curve appear like? Why does it appear so?

  • Q : Normal and Inferior Goods Can someone

    Can someone help me in finding out the precise answer from the given options that when a fixed level of national income becomes appreciably less evenly distributed as the numbers of relatively poor people and relatively prosperous people both raise dr

  • Q : Monopolistic competition in the long

    This figure demonstrates a: (w) long run equilibrium for a firm in a perfectly competitive industry. (x) short run equilibrium for a natural monopoly. (y) short run circumstances for a monopolistically-competitive firm into long run equilibrium. (z) cartel which maxim

  • Q : Infinity elasticity of demand within

    When price changes for fresh peaches don’t modify total revenue to peach farmers, then the price elasticity of demand for peaches: (w) constant beside a linear demand curve. (x) infinity (the demand curve is horizontal). (y) uni

  • Q : Affects in Great Depression State what

    State what affect the most in Great Depression?