Final answer:
The quantity of Super Titan radial tires in the marketplace is determined by the unit-selling price and influenced by the principles of supply and demand, including factors such as the cost of materials.
Step-by-step explanation:
The quantity of Super Titan radial tires made available each week in the marketplace is related to the unit-selling price. This sounds like an application of the principles of supply and demand encountered in economics. In economics, if the price of a product decreases, producers will usually supply a lower quantity.
For example, if the price of steel (essential element in tire manufacturing) decreases, producing a tire becomes less expensive. This means that at any given price for selling tires, tire manufacturers can now expect to earn higher profits, so they will supply a higher quantity. It results in the shifting of supply to the right, which means that at all prices, the quantity supplied has increased. This directly impacts the available quantity of the Super Titan radial tires in the marketplace.
Learn more about Supply and Demand