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Consider the market for minivans when the price of steel falls. What is the relationship between steel and minivans? Question 8 options: Steel and minivans
Consider the market for minivans when the price of steel falls. What is the relationship between steel and minivans? Question 8 options: Steel and minivans are complements, so less expensive steel reduces the demand for minivans. Minivans are an input used in the process of making steel so more demand for steel means more demand for minivans. Steel is an input used in the process of making minivans, so less expensive steel increases the supply of minivans. Steel and minivans are substitutes, so less expensive steel reduces the demand for minivans
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