Total Product Total Fixed Cost Total Variable Cost 0 60 $0.00 1 60 $45.00 2 60 $85.00 3 60 $120.00 4 60 $150.00 5 60 $185.00 6 60 $225.00 7 60...

Explain what happens to supply, price, and quantity when the following conditions occur:

a)  A new technology is developed to pick peachesb)  The government allows more furniture imports from Chinac)  Interest rates are lowered to help spur the economyd)  The cost of rubber, which is used in the manufacturing of tires, increasese)  The government imposes a tax on imported cars