For each of the following statements, draw a diagram that illustrates the likely effect on the market for Toyota cars. Indicate in each case the impact on equilibrium price and equilibrium quantity..
For each of the following statements, draw a diagram that illustrates the likely effect on the market for Toyota cars. Indicate in each case the impact on equilibrium price and equilibrium quantity..
- A Mechanic Engineer warns that new Toyota cars overheat during long journeys.
b. The price of rubber which is used to produce tyres reduces.
c. A fall in the price of Nissan cars.
d. A rise in bus tariffs .
e. A successful advertising of Toyota cars.
