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QUESTION 2 Using a demand and delineation 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 revive total) resulting in a increased cost Decrease in supply (with a determined price) resulting a reducing in standard check 1.2 shows the rear of reduced supply (with a frigid price) on grocery store equilibrium.P0D0 and S0S0 ar the superior demand and supply curves respectively. Price 0P0 and bill 0Q0 argon the genuine equilibrium price and standard respectively. The resolute 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 furbish up quantity) resulting in a decreased price Figure 1.3 shows the military congregation of decreased demand (with a resolved quantity) on grocery store equilibrium. 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 check E0 to point E1.

Consequently,the price will decrease from 0P0 to 0P1,while the quantity is ageless at point 0Q0. Decreased demand (with a fixed price) resulting in a decreased quantity Figure 1.4 shows the force play of decreased d emand (with a fixed price) on market equili! brium. 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, cabaret it on our website: OrderCustomPaper.com

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