Q 141

Consider the market for ride-on lawn mowers and the recent increases in the price of oil.The recent increase in the price of oil makes it more expensive to manufacture ride-on lawn mowers.An increase in the price of oil also makes it more expensive to run a ride-on mower.If the price of oil increases,the demand for ride-on mowers will ______ and the supply will _______. A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase

Multiple Choice