P r to Ri Converte. Angelo, Gordon & C -Green Bay Packers 2( New Titanium For ea

Question

P r to Ri Converte. Angelo, Gordon & C -Green Bay Packers 2( New Titanium For each of the following events, identify which of the determinants of demand or supply are affected. If demand is unaffected by this event because it creates only a supply change, select the "None" option under the "Demand Determinant" column. Similarly, if supply is unaffected by this event because it creates only a demand change, select the None" option under the "Supply Determinant column. Event People decide to have more children The price of electric small cars falls The discovery of a new source of iron ore lowers steel prices An economic recession lowers people's wealth. A number of major car dealers decide to switch from selling gas- powered cars to selling electric cars. Demand Determinant upply Determinant

Explanation / Answer

Event Demand Determinant Supply Determinant People decide to have more children Population or, Number of Buyers None The price of electric small car falls Income None Discovery of new source of iron ore lowers steel price None Input Price An economic recession lowers people wealth Income None A number of major car dealers decide to switch from selling gas powered cars to selling electric cars None Expectation

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.