Draw and label a graph for each of the following scenarios showing the impact of the shift in supply or
demand on equilibrium price and quantity in the market for new cars. Be sure to label everything.
A) The average income level rises. Assume cars are a normal good.
I
B) The price of steel, an important input for car manufacturing, increases.

Answers

Answer 1

A) demand increases

B) supply decreases

Draw And Label A Graph For Each Of The Following Scenarios Showing The Impact Of The Shift In Supply

Related Questions

What is the product of 4100 and 4.5 \times 10^64.5×10 6 expressed in scientific notation?

Answers

Answer:

The answer should be 18450 * 10^70.5

Explanation:

Answer: THE ANSWER IS 18450 *10^70.5

Explanation:

What’s it deductive or inductive that led to the theory of evolution

Answers

Answer:

deductive

Explanation:

When Darwin constructed his theory, he began with deductive logic.

Each of the Galapagos islands has its own species of tortoise

The tortoises on each island are specialized for the particular habitat of that island

These islands have not been present for the entire history of the earth

There is a mainland tortoise that is very similar to these species, but none of these species are actually found on the mainland

It is highly unlikely that at one point all of these species were on the mainland, and all of them got washed out to these islands, but only one or two species survived on each island, and all of them went extinct on the mainland

Therefore, these species must have evolved from a common ancestor that drifted from the mainland

thelogicofscience.com

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