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For each of the following describe in words what happen to supply, demand, quantity supply and quantity demanded in the market for new cars when: The...
For each of the following describe in words what happen to supply, demand, quantity supply and quantity demanded in the market for new cars when:
a: The united auto workers get a large raise
b: A new robotic technology is introduced in the factory
c: The government supplies the bus tickets resulting in a large reduction in the cost of the bus ticket
d: Real incomes grow and new cars are a normal good