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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