Assuming that we have estimated a supply curve for a particular brand of car. Using a diagram, show the potential impacts of the following: (a) a rise in the price of cars; (b) a rise in the price of land; (c) a decrease in the price of iron ore (d) a fall in the price of cars; (e) the introduction of a road congestion levy in all major cities; (f) an improvement in car manufacturing technology;

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Assuming that we have estimated a supply curve for a particular brand of car

Economics Dec 11, 2020

Assuming that we have estimated a supply curve for a particular brand of car. Using a diagram, show the potential impacts of the following:

(a) a rise in the price of cars;

(b) a rise in the price of land;

(d) a fall in the price of cars;

(e) the introduction of a road congestion levy in all major cities;

(f) an improvement in car manufacturing technology;

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