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QUESTION 2 Using a demand and portrayal 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 indemnify total) resulting in a increased expense Decrease in supply (with a determined price) resulting a reducing in sum look 1.2 shows the rear of reduced supply (with a frigid price) on grocery store equilibrium.P0D0 and S0S0 ar the original demand and supply curves respectively. Price 0P0 and beat 0Q0 argon the current equilibrium price and cadence respectively. The obstinate quantity is shown by the line P0D0 that is horizontal and parallel to the quantity axis. b)Increase price of gratis(p) part at Proton Waja Decrease demand (with a unyielding quantity) resulting in a decreased price Figure 1.3 shows the military radical of decreased demand (with a firm quantity) on mart equilibrium. D0D0 and S0S0 are the origi nal 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 request E0 to point E1.

Consequently,the price will decrease from 0P0 to 0P1,while the quantity is eternal at point 0Q0. Decreased demand (with a fixed price) resulting in a decreased quantity Figure 1.4 shows the outcome of decreased demand (with a fixed price) on market equilibrium. D0D0 and P0S0 are the original demand and suppl y curves respectively. Price 0P0 and quantit! y 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, run it on our website: OrderEssay.net

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