NAIMMCQ Microeconomics A manager of a Ford dealership says, "These steel tariffs are killing me. I've had to raise the price of my cars due to the increase in the price of steel, and as a result, my sales are down 15%." This quotation best describes

A manager of a Ford dealership says, "These steel tariffs are killing me. I've had to raise the price of my cars due to the increase in the price of steel, and as a result, my sales are down 15%." This quotation best describes

Microeconomics

A manager of a Ford dealership says, "These steel tariffs are killing me. I've had to raise the price of my cars due to the increase in the price of steel, and as a result, my sales are down 15%." This quotation best describes

A. a decrease in demand.
B. a decrease in supply.
C. a movement along the supply curve.
D. both A. and B. are correct.

Answer: B

NAIMMCQ

A manager of a Ford dealership says, "These steel tariffs are killing me. I've had to raise the price of my cars due to the increase in the price of steel, and as a result, my sales are down 15%." This quotation best describes

A manager of a Ford dealership says, "These steel tariffs are killing me. I've had to raise the price of my cars due to the increase in the price of steel, and as a result, my sales are down 15%." This quotation best describes

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