Question 1 Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity: (a) People decide to have more 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 people’s wealth  sub section (D) and (E)

Question

Question 1

Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity:

(a) People decide to have more 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 people’s wealth 

sub section (D) and (E)

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