contestada

Suppose that steel is necessary to produce automobiles. If the price of steel falls​, the supply curve of

Respuesta :

Answer:

the automobile shift to the right

Explanation:

In simple words, Steel is essential for the manufacture of automobiles. This implies that steel becomes necessary and therefore it helps to manufacture vehicles. Because the value of steel decreases, it takes industry less to produce the commodity,leading to low prices and high demand in the market which in result ensures that the  production curve would change to the right.