On Sun, Apr 24, 2011 at 10:20 PM, mc100200928 Abdur Razaq <mc100200928@vu.edu.pk> wrote:
---------- Forwarded message ----------
From: Fizza Dastgir <mc090405569@vu.edu.pk>
Date: Mon, Apr 25, 2011 at 2:44 AM
Subject: ::: vuaskari.com ::: idea solution ECO401 GDB by Fizza dastgir
To: vuaskari_com@googlegroups.com, askari-management@googlegroups.com
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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