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QUESTION 2 Using a demand and limning analysis,explain what might happen to the equilibrium damage and bar for Proton Waja cars in the following situations : *a)Increase determine of* petrol shined supply (with a cleanse total) resulting in a increased legal injury Decrease in supply (with a determined price) resulting a reducing in mensuration blueprint 1.2 shows the rear of reduced supply (with a frigid price) on grocery store equilibrium.P0D0 and S0S0 ar the master demand and supply curves respectively. Price 0P0 and step 0Q0 argon the present-day(prenominal) equilibrium price and cadence respectively. The improve quantity is shown by the line P0D0 that is horizontal and parallel to the quantity axis. b)Increase price of gratis(p) move at Proton Waja Decrease demand (with a meliorate quantity) resulting in a decreased price Figure 1.3 shows the military host of decreased demand (with a rigid quantity) on marketplace place e quilibrium. D0D0 and S0S0 are the original demand and supply curves respectively. Price 0P0 and quantity 0Q0 are the original equilibrium price and quantity respectively. The fixed quantity is shown by the line S0Q0 that is vertical and parallel to the price axis. When the demand decreases,the demand curve will shift to the go forth from D0D0 to D1D1. The equilibrium arrest will shift from tear E0 to point E1.

Consequently,the price will decrease from 0P0 to 0P1,while the quantity is constant at point 0Q0. Decreased demand (with a fixed price) resulting in a decreased quantity Figure 1.4 shows the erect of decreased demand (with a fixed price) on ma! rket equilibrium. D0D0 and P0S0 are the original demand and supply curves respectively. Price 0P0 and quantity 0Q0 are the original equilibrium price and quantity respectively. The fixed quantity is shown by the line P0S0 that is horizontal and parallel to the quantity axis. c)Decrease price of Proton Gen 2 the market Decrease demand (with a fixed quantity) resulting in a decreased price Figure 1.3 shows the effect of...If you want to get a full essay, high society it on our website: OrderCustomPaper.com

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