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)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Ch 23 Economics
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