1. Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity. a) People decide to have mor children. b) A strike by steelworkers raises steel prices c) Engineers develop new automated machinery for the production of minivans.
1. Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity. a) People decide to have mor children. b) A strike by steelworkers raises steel prices c) Engineers develop new automated machinery for the production of minivans.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 9PA
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1. Consider the market for minivans. Indicate the impact if any on
a) People decide to have mor children.
b) A strike by steelworkers raises steel prices
c) Engineers develop new automated machinery for the production of minivans.
d) The price of station wagons rises
e) A stock market crash lowers peoples wealth
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