Improved technology in the production of small cars often results in lower production costs.
Which of the following will most likely result from these reduced production costs?
1)the price of domestic small cars will decrease.
2)the demand for domestic small cars will decrease
3)fewer domestic small cars will be manufactured
4)domestic small car manufacturers will lose profits.
5)more foreign small cars will be imported.
improved technology in the production of small cars often results in lower production costs? which of the following will most likely result from these reduced production costs? (1)the price of domestic small cars will decrease.
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