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Assignment Back to Assignment Attempts: Average: 76 1. Problems and Applications Q3 Consider the market for electric cars. Assume electric cars are a normal good. For each of the following events, identify which of the determinants of demand or supply are affected. If demand is unaffected by this event because it creates only a supply change, select the "None" option under the "Demand Determinant" column. Similarly, if supply is unaffected by this event because it creates only a demand change, select the "None" option under the "Supply Determinant" column. Event Demand Determinant Supply Determinant Engineers develop new automated machinery for the production of electric cars. People increase their concern for the environment. An economic boom raises people's wealth. A strike by aluminum workers raises the price of aluminum. The price of gas-powered cars falls.
Topic 2 Assignment Show the effect of the following event on the market for electric cars: Engineers develop new automated machinery for the production of electric cars. Supply Demand Supply Price of Electric Cars 1 Demand Quantity of Electric Cars
Topic 2 Assignment Show the effect of the following event on the market for electric cars: People increase their concern for the environment. Supply Demand Supply Price of Electric Cars Demand Quantity of Electric Cars
Topic 2 Assignment Show the effect of the following event on the market for electric cars: An economic boom raises people's wealth. ? Supply Demand Supply Price of Electric Cars Demand Quantity of Electric Cars
Topic 2 Assignment Show the effect of the following event on the market for electric cars: A strike by aluminum workers raises the price of aluminum. ? Supply Demand Supply Price of Electric Cars Demand Quantity of Electric Cars
Topic 2 Assignment Show the effect of the following event on the market for electric cars: The price of gas-powered cars falls. ? Supply Demand Supply Price of Electric Cars Demand 1 Quantity of Electric Cars
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