--%>

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 : Demand curve consequent to output An

    An unregulated monopoly which does not price discriminate sets price in accord along with the: (w) height of the graph where marginal revenue equals average total costs [MR = ATC]. (x) height of the graph where marginal costs equal av

  • Q : Dilemma on labor monopsonist The labor

    The labor monopsonist will hire labor up to the point where the marginal: (i) Revenue product of the labor equivalents the wage. (ii) Resource cost of labor equivalents the salary. (iii) Revenue product of labor equivalents its marginal resource cost. (iv) Resource co

  • Q : Minimum average costs at production

    Nostalgia Corporation could accomplish minimum average costs for Silver Screen DVDs when this produced: (i) 4 million DVDs. (ii) 6 million DVDs. (iii) 8 million DVDs. (iv) 10 million DVDs. (v) 12 million DVDs.

  • Q : Purely competitive firm maximizing

    A purely competitive firm maximizes profit through producing where is: (w) P = ATC. (x) P = MR = MC. (y) PQ = TC. (z) AFC = AVC. I need a good answer on the topic of Economics problems. Please give

  • Q : Boosting minimum wage laws Boosting

    Boosting minimum wage laws from $5 to $8 per hour is LEAST probable to: (w) give some unskilled workers with higher incomes. (x) cause some low-wage workers to lose their jobs. (y) raise friendship like a basis for employment. (z) decrease unemploymen

  • Q : Short run operation and long run

    When Presidio, Hybrid Roses and Texas boomed learned which its rent and utilities had soared upward by $9 per hour hence a new five-year lease would now cost $60 per hour, therefore this monopolist will: (w) continue to realize positive economic profi

  • Q : History of labor-Yellow Dog Contracts

    The agreements not to join unions were once general needs for employment. Now outlawed, such are termed as: (1) Blacklist contracts. (2) Feather-bedding certificates. (3) Employment screens. (4) Exclusionary provisions. (5) Yellow dog contracts.

    Q : What is Budget line Budget line : This

    Budget line: This refers to all combinations of goods that a consumer can purchase with his whole income and price of two goods.

  • Q : Consequence of successful product

    Maggie thinks there are main differences among Crest, Colgate, Aquafresh and Rembrandt toothpastes, and eventually chooses Crest. Therefore her perception is mainly a consequence of: (1) successful product differentiation. (2) monopolistic competition. (3) informative

  • Q : Profit maximization for firm in pure

    Profit maximization for a firm within pure competition arises while: (w) MC = P = MR. (x) MC > MR. (y) AC = P. (z) MC = AC. Can anybody suggest me the proper explanation for given problem regarding Econo