Asked Sep 29, 2019

FOR each of the following events describe in words what happens to the suply, demand, quantity supplied, quantity demanded in the market for new cars

1 the raju auto workers get a large raise

2 a new technology is introduced in the factory

3 the government subsidizes bus tickets resulting in a large reduction in the cost of a bus ticket

4 real income grow and new cars are a normal good

5 there is machinery break down in the industry


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