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If the cost of production decreases for Tesla’s cars, what effect will this have on consumers who want to buy one??

Sagot :

Answer:

Consumers will buy the car

Explanation:

In any business (irrespective of commodity or service), as the cost of produced commodity or service reduces, demand is escalated as the customer is tempted to buy low value products as soon as possible before the price rise again.

The same will happen for Tesla car. Reduction in price of Tesla car will motivate customer to buy new car.

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