--%>

Supply of automobile tires

What influence will each of the following have on the supply of automobile tires?

a. A technological advance in the methods of generating tires.

b. A decline in the number of firms in the tire industry.

c. A raise in the price of rubber utilized in the production of tires

d. The expectation that the equilibrium price of auto tires will be lower in the future than this is currently.

e. A decline in the price of large tires utilized for semi-trucks & earth hauling rigs (with no alter in the price of auto tires).

f. The levying of a per-unit tax in each auto tire has been sold.

g. The granting of a 50-cent-per-unit subsidy for each auto tire generated.

E

Expert

Verified

Supply enhance in (a), (d), (e), and (g); decreases in (b), (c), and (f).

   Related Questions in Finance Basics

  • Q : Law of rising opportunity costs Normal

    Normal 0 false false

  • Q : What is the Character of Expenditure

    Character of Expenditure: A classification recognizing the major purpose of expenditure, like State Operations, Local Assistance, Capital Outlay, or Unclassified.

  • Q : How the production of public goods will

    Normal 0 false false

  • Q : Describe the status of cyclically

    Assume the full-employment, non-inflationary level of real output is GDP3 (not GDP2). If the economy is operating at GDP2 instead of GDP3, describe the status of its cyclically adjusted budget? The status of its present fiscal polic

  • Q : Marketing of hardware stores Normal 0

    Normal 0 false false

  • Q : Describe Section 28.00 Section 28.00 :

    Section 28.00: It is a Control Section of Budget Act which authorizes the Director of Finance to support the augmentation or diminution of items of expenditure for the receipt of un-anticipated federal funds or other non-state funds, and which identif

  • Q : Healthcare Finance Issues Question 1 A.

    Question 1 A. What per visit price must be set for the service to break even? To earn an annual profit of $100,000? (10,000 * 5.00 - $500,000 - 50,000 = 0

    Q : Define Spot Bill Spot Bill : It is an

    Spot Bill: It is an introduced bill which makes non-substantive modifications in a law, generally with the intent to amend the bill at a later date to comprise substantive law modifications. This procedure gives a means for circumventing the deadline

  • Q : Question on level of free market wage

    In the year of 1996, the U.S. Congress raised the minimum wage from $4.25 per hour to $5.15 per hour. Some of the people suggested that a government subsidy could help employers finance the higher wage. Assume the supply of low-skilled labour is specified by

  • Q : Define Expenditure Expenditure : The

    Expenditure: The expenditures reported on a department’s annual financial reports and “past year” budget documents comprises of amounts paid and accruals (comprising encumbrances and payables) for obligations made for the fiscal year