Chinas economy has grown at an average rate of 9% during the last 10 years. Chinas income per capita increased from less than $900 in 2004 to $8,800 in 2018. This has boosted the demand for different products including cars, new housing projects, and building materials. At the same time, oil prices decreased due to the. "fracking technology" extensively used in. the. U.S. and Canada. Graph the market of the. SUVs in china. Clearly define the old and new P and Q of equilibrium

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