Which of the following would most likely increase the price of automobiles?
A) a decrease in the price of steel used to produce automobiles
B) an increase in the price of gasoline
C) a decrease in consumer income
D) the United Auto Workers union obtaining a substantial wage increase for auto workers

Question

Quizplus · Accepted Answer

An increase in wages for auto workers would raise production costs for automobile manufacturers, likely leading to higher automobile prices to maintain profit margins.

Which of the Following Would Most Likely Increase the Price