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
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Chapter1: Making Economics Decisions
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14. A supply and demand puzzle
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
са
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.
(?
S2009
S2003
Demand
Supply
D2008
D2009
QUANTITY (Cars)
PRICE (Dollars percar)
Transcribed Image Text:14. A supply and demand puzzle 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 са 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. (? S2009 S2003 Demand Supply D2008 D2009 QUANTITY (Cars) PRICE (Dollars percar)
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