Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

multiple - choice question what is one result of fords paying of higher…

Question

multiple - choice question
what is one result of fords paying of higher wages to his workers?
ford sold fewer cars and car prices went up
ford sold more cars and car prices came down
ford went out of business and died in poverty

Explanation:

Brief Explanations

Henry Ford's decision to pay higher - wages to his workers increased their purchasing power. This led to more workers being able to afford the cars they were producing, increasing demand. To meet this demand and sell more cars, Ford improved efficiency and reduced costs, which in turn allowed car prices to come down.

Answer:

Ford sold more cars and car prices came down