unit 2 (2.2) - shifts in demand and supply\nquestion\nwhich of the following factors will primarily affect…

unit 2 (2.2) - shifts in demand and supply\nquestion\nwhich of the following factors will primarily affect the supply of bicycles? note that rubber and aluminum are used to produce bicycles.\nselect all that apply.\nhigher prices for rubber\na decrease in overall consumer income\nlower prices for aluminum\na decrease in the price of scooters

unit 2 (2.2) - shifts in demand and supply\nquestion\nwhich of the following factors will primarily affect the supply of bicycles? note that rubber and aluminum are used to produce bicycles.\nselect all that apply.\nhigher prices for rubber\na decrease in overall consumer income\nlower prices for aluminum\na decrease in the price of scooters

Answer

Brief Explanations:

  • Higher rubber prices increase production cost, reducing supply. Lower aluminum prices decrease production cost, increasing supply. Consumer income affects demand, not supply directly. The price of scooters (a substitute) affects demand for bicycles, not supply.

Answer:

higher prices for rubber, lower prices for aluminum