ke ere on the bookmarks bar. Import bookmarks now... d) A new technology is deve

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ke ere on the bookmarks bar. Import bookmarks now... d) A new technology is developed that makes car production twice as fast as it used to be. supply or demand supply increase or decreaseincrease market price increase or decreasedecrease market quantity increase or decreaseincrease e) A flourishing economy increases consumers' incomes. supply or demandSelect increase or decrease Select] market price increase or decrease[Select) market quantity increase or decrease ISelect f) Producers expect car prices to rise in the near future supply or demand[ Select ] increase or decreaseSelect market price increase or decrease[Select market quantity increase or decreaseSelect

Explanation / Answer

d)

A new technology is developed that makes car production twice as fast as it used to be. In this case, supply curve shifts right lead to a reduction in market price and an increase in market quantity.

e)

A flourishing economy increases consumer's income. This leads to a right shift in the demand curve leads to an increase in market price and market quantity.

f)

Producers expect that car prices will rise in near future means the cost of production will increase leads to a left shift in the supply curve. This implies a market price will increase and the market quantity falls.

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