Based on the following scenario, answer questions 3a, 3b, and 3c:

Car Manufacturer Scenario:You are a minimum-wage worker at a U.S. company that makes cars. Last month's finance report on your profits and sales is below. This morning, your government announced it would save the American people money on cars by capping the price of the kind of cars you make at $10,000. Some of your co-workers know you are taking this course and want to know what you think will happen.

Monthly Financial Report
Total Profit
Total Monthly Revenue	$2,400,000
Total Monthly Costs	$2,000,000
Total Monthly Profit	$400,000
Revenue
Average Price of Cars	# of Cars Sold	Total Revenue
$12,000	200	$2,400,000
Employee Salaries
	Hourly Rate	Monthly Pay per Employee	# of Employees	Total Monthly Cost
General Manager	$30/hour	$4,800	1	$4,800
Shift Managers	$15/hour	$2,400	5	$12,000
Assembly-Line Employees	$12/hour	$1,920	25	$48,000
Total Monthly Cost of Salaries	$64,800

3a. What would your company's monthly profits be if they did not make any changes except reducing the price of the car from $12,000 to $10,000?

3b. Identify at least one action your company would take.

3c. Be specific, and explain why you came to that conclusion using the principles of supply and demand.