00:01
So this question says, what effect to each of the following app on the supply of auto tires? so i want to know what the following questions have on the supply of auto tires.
00:16
And the first thing is a technological advance in the methods of producing tires.
00:24
So it doesn't advance in the methods of producing tires, then it would increase the supply of auto tires.
00:33
Because then you're having an advancement so that you can increase your supply, increase the supply, and then there will be an increase in demand.
00:43
So for a technological advance, there would be an increase in supply of auto tires.
00:50
The second question is a decline in the number of firms in the industry.
00:54
So if they're a decline in the number of firms in the tire industry, obviously you can expect that the supply will reduce because the firms in the industry are reduced.
01:04
Using.
01:05
So it will be a decrease in the supply.
01:10
And the next one is a decline in the number of firms, i'm sorry, an increase in the prices of rubber used in production of tires...