The following graph shows the market for cars in 2008. Between 2008 and 2009, the equilibrium quantity of cars remained constant, but the and the equilibrium price of cars increased. From this, you can conclude that between 2008 and 2009, the supply of cars demand for cars Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2009. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. S2000 S2008 Demand Supply D2008 2009 QUANTITY (Cars) PRICE (Dollars percar)

The following graph shows the market for cars in 2008. Between 2008 and 2009, the equilibrium quantity of cars remained constant, but the and the equilibrium price of cars increased. From this, you can conclude that between 2008 and 2009, the supply of cars demand for cars Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2009. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. S2000 S2008 Demand Supply D2008 2009 QUANTITY (Cars) PRICE (Dollars percar)

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 8PA

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Similar questions

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