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Answer to Question #230219 in Economics of Enterprise for kavesh

Question #230219

The price of rubber which is used to produce tyres reduces. 


1
Expert's answer
2021-08-29T16:39:52-0400

When the price of rubber used in producing tyres reduces, the price of the tyres in general will have reduced including the price of the vehicle. This may increase the demand for the vehicle.


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