ANSWER:
According to the Law of Demand, if the price of automobiles goes up, the car market will suffer a slump period because the sales of the cars will go down. This means that the car market will face losses or will not be able to sell many cars.
Step-by-step explanation:
The Law of Demand is a basic law of economics that states that when the "price of a commodity increases", its demand decreases provided that all other conditions are equal and when the "price of a commodity decreases", its "demand will increase".