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Demonstrate, using supply and demand analysis

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3. Demonstrate, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs. Using graphs that are simple but show the way the curve moves, describe the change in the equilibrium price and quantity, and explain your answer. Is the equilibrium price higher or lower, or is the change indeterminate? Is the equilibrium quantity higher or lower, or is the change indeterminate?;a. Incomes increase;b. Interest rates decrease;c. The price of batteries used in the production of these vehicles decreases;d. price of gasoline decreases

 

Paper#26281 | Written in 18-Jul-2015

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