24. G.M. Cuts Production for Quarter General Motors cut its fourth-quarter production schedule by 10 percent because Ford Motor, Chrysler, and Toyota sales declined in August. Source: The New York Times, September 5, 2007 Explain whether this news clip illustrates a change in the supply of cars or a change in the quantity supplied of cars.

Use the following figure to work Problems 25 and 26.

Transcribed Image Text:

Price (dollars per pizza) 16 14 12 10 100 200 300 400 Quantity (pizzas per day)