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Briefly Discuss the answer What effect will each of the following have on equilibrium price and quantity of large automobile? a. A technological advance in

Briefly Discuss the answer

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What effect will each of the following have on equilibrium price and quantity of large automobile? a. A technological advance in the methods manufacturing automobile. b. An increase in the number of rms in the automobile industry. c. An increase in the prices of steel and tires used in the production of automobile. d. The expectation that the equilibrium price of automobiles will be higher in the future than currently. e. An increase in the price of the small automobiles (with no change in the price of large automobiles). f. The levying of a per-unit tax on each automobiles sold. g. The granting of a 500$-perunit subsidy for each automobiles roduced

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