ECO401 GDB solution

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?

Note: Your solution must be within 50-75 words.
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Solution:


Well the curve for fuel oil is leftward... $ If price of motor vehicles rises , It will bring fall in demand of fuel oil.
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because all the three items cannot be identify in single unit. and according to the definition of indirect material if a material cannot be identify its individual value/cost in single unit it should be indirect materialbecause all the three items cannot be identify in single unit. and according to the definition of indirect material if a material cannot be identify its individual value/cost in single unit it should be indirect material
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Demand for fuel oil will fall and the demand curve will shift LEFTWARDS, showing that decrease.
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If price of motor vehicle rises, Fuel oil demand decrease will fall and it curve will shift to left direction reflecting decrease