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c) Consider the market for new passenger cars in Namibia, what will happen to; Demand and supply, Equilibrium quantity and equilibrium price? If the following

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c) Consider the market for new passenger cars in Namibia, what will happen to; Demand and supply, Equilibrium quantity and equilibrium price? If the following happen: i. The price of petrol increases [4 marks ii. The car manufacturing industry is subject to a prolonged wage strike [4 marks iii. Government imposes restriction on the importation of new passenger cars. [4 mark

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