the wage of the autoworkers will increase
supply and demand curve for hybrid vehicles
(i) As cars have very elastic demand, this means that if price falls then automatically demand for cars will rise. And, if prise rises, demand for cars will fall. (ii) If income rises, then demand for the product will rise as consumers' purchasing power will increase. (iii) It also depends on fashion altogether with the taste of the product. Fashion will influence demand of cars. (brands, etc) (iv) Government policies affect demand for cars, taxes and subsidies will either increase/decrease demand. (v) Hire purchase facilities will increase demand for cars as it will facilitate customers when paying for the good. I would add one more very crucial factor that influences the demand for cars is the current price of petrol/diesel and the respective mileage offered by the model.
there would be an eventual upward movement along the demand curve, reestablishing equilibrium
there would be an eventual upward movement along the demand curve, reestablishing equilibrium
Since motorcycles normally get better mileage than cars/trucks, I would think it's obvious that the demand for them increases.
because of the polution
Yes. Cars breathe. They draw air into the combustion chambers to operate. If you cut off the air supply, the engine will stop. Improvements to the engine's breathing will increase power and economy.
Yes, of course, they need to move cars!
Demand
An increase of 2 cars per year.
supply and demand curve for hybrid vehicles
The increase was 50%
Higher interest rates mean that the demand for cars have increased, due to an increase in consumer demand. Lower interest rates mean that there is a lower demand and the FOMC is lowering the rates to increase consumer demand. Lower rates, however could also increase the demand for cars. This is why the Feds have to higher the interest rates, to ensure that the supply and demand are at an equilibrium point.
joint supply is when the production of one good also results in the production of another. an example of this would be steel and cars. if there is more production of steel, there can be a greater production of cars, as steel is used in the manufacturing of cars.
supply and demand, it sells
cars
steal some of the cars