Market for Trucks (Normal Good) 10 8 So Below are two shocks to the market: A. New production technology B. An increase
Posted: Thu May 19, 2022 8:49 am
Market for Trucks (Normal Good) 10 8 So Below are two shocks to the market: A. New production technology B. An increase in average income 1.) Using the line drawing tool, draw a new supply and the new demand curve. Label your curves properly. 2.) Using the point drawing tool, define the new equilibrium quantity and price. Label the new equilibrium properly. Carefully follow the instructions above, and only draw the required objects. 174 EV Market Price 3- 2- Do 1- 0- 0 10 20 30 70 80 90 100 40 50 60 Quantity