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Answer to Question #23422 in Economics of Enterprise for Ronda
Question #23422
suppose oil prices rise sharply for years due to war. what happens and why to the demand of cars
Expert's answer
The demand for cars will decrease, as cars and oil are the complement goods and the higher is the price for oil, the lower is
demand for cars and conversely the lower is the price for oil, the higher is
demand for cars.
demand for cars and conversely the lower is the price for oil, the higher is
demand for cars.
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