scholartext3557 scholartext3557
  • 18-04-2021
  • History
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According to the laws of supply and demand, what will happen to the supply of automobiles if automobile prices fall?

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CoolReaper
CoolReaper CoolReaper
  • 18-04-2021
If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services. As a result, the sales of the new model quickly fall, creating an oversupply and driving down demand for the car. Hope this helps! Mark brainliest please!
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