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Consider the impact of the following on American cars. If consumers are made aware that foreign car brands may catch fire and may be dangerous,___________?

Consider the impact of the following on American cars. If consumers are made aware that foreign car brands may catch fire and may be dangerous,___________? Group of answer choices The supply for American cars will shift to the left. The demand for American cars will shift to the right. The supply for American cars will shift to the right. The demand for American cars will shift to the left.If the market equilibrium is at price = $2/lb, and the government imposes a price of $1.50/lb, we will have a_______? Group of answer choices Both Shortage and Surplus Shortage Neither Shortage nor Surplus Surplus

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