ALL UNIVERSITIES AND SERVICE COMMISSIONS PAST PAPERS IN PAKISTAN: Re: ::: vuaskari.com ::: idea solution ECO401 GDB by Fizza dastgir

Monday, April 25, 2011

Re: ::: vuaskari.com ::: idea solution ECO401 GDB by Fizza dastgir

Welcome back Fizza ... Thanks

On 25 April 2011 03:14, Fizza Dastgir <mc090405569@vu.edu.pk> wrote:

Eco 401 GDB

Idea Solution by

Fizza Dastgir

Consider the markets of motor vehicles and fuel oil. If price of motor vehicles rises, what will happen to the demand of fuel oil? In which direction the demand curve for fuel oil will shift with a rise in price of motor vehicles?

Answer:
Demand for fuel oil will fall and the demand curve will shift LEFTWARDS, showing that decrease.

FIZZA DASTGIR BHATTI

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MC090405569
MBA - ISLAMABAD

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