ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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4.15 Following are four graphs and four market scenarios, each
of which would cause either a movement along the supply
curve for Volkswagen Golf or a shift of the supply curve.
Match each scenario with the appropriate graph.
Price
Price
D₁
S
D₂
Quantity
S₁
S₂
D
Quantity
Price
Price
S2
D2
S₁
D
Quantity
S
D₁
Quantity
a. A decrease in the supply of Ford Focus
b. A drop in the average household income in the EU
from €52,000 to €50,000
c. An improvement in car production technology
d. An increase in the prices of steel and plastic
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Transcribed Image Text:4.15 Following are four graphs and four market scenarios, each of which would cause either a movement along the supply curve for Volkswagen Golf or a shift of the supply curve. Match each scenario with the appropriate graph. Price Price D₁ S D₂ Quantity S₁ S₂ D Quantity Price Price S2 D2 S₁ D Quantity S D₁ Quantity a. A decrease in the supply of Ford Focus b. A drop in the average household income in the EU from €52,000 to €50,000 c. An improvement in car production technology d. An increase in the prices of steel and plastic
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