b.
There is an increase in American population due to immigration and increased
birth rates. Use a graph of supply and demand to show its effect on equilibrium
price and quantity of autos. Describe the change in equilibrium price and
quantity.
Supply
c.
Use a graph of supply and demand to show to show the effect of introducing
a cost saving technology for auto manufacturers; Describe the change
in equilibrium price and quantity.
d. What is the effect of an increase in the the price of labor for the manufacturers; Use Supply and Demand Curves to show how it will affect equilibrium price and quantity of output of autos. Describe the change in equilibrium price and quantity.