Which of the following will not cause a shift
in the supply curve for motor cars?
a. a decrease in wages in the motor industry
b. the quantity supplied will decrease
C. an improvement in the time required to
produce a motor car
d. none of these
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I think option a will be correct
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a). a decrease in wages in the motor industry
The following will not cause a shift in the supply curve for motor cars a decrease in wages in the motor industry
- Perhaps the most significant element influencing car sales is the economy. They include currency rates, interest rates, unemployment rates, GDP, disposable income, and unemployment rates.
- An overall slowdown in the economy, problems with liquidity, weak consumer demand, and the disruptive entry of new players are observed to be the main causes of automobile companies announcing plant closures, employee wage reductions, and even layoffs, as well as postponing expansion plans and technological advancements.
- The development pace of the Indian automotive industry is being hampered by a number of problems, including increased fuel prices, tight liquidity, and new environmental safety standards. The following are some of the most important difficulties that all automakers are currently dealing with: Semiconductor shortage on a global scale.
- The Indian automobile industry is being affected by a number of issues, including a shortage of chips, repeated and duplicate bookings, rural misery, fuel price-driven inflation, a sharp increase in commodity prices, a shortage of containers, and rising logistical expenses.
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