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Eco 401 GDB

Idea Solution by

Fizza Dastgir

 

 

Consider the markets of motor vehicles and fuel oil. If price of motor vehicles rises, what will happen to the demand of fuel oil? In which direction the demand curve for fuel oil will shift with a rise in price of motor vehicles?

 

Answer:

Demand for fuel oil will fall and the demand curve will shift LEFTWARDS, showing that decrease.

 

FIZZA DASTGIR BHATTI

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MC090405569 

MBA - ISLAMABAD

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