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Consider the market for minivans. On a piece of scrap paper, draw the initial supply and demand model for the market. This is something you
Consider the market for minivans. On a piece of scrap paper, draw the initial supply and demand model for the market. This is something you do on a piece of scrap paper; you do not turn this in. In this graph, there is a demand curve on the graph that slopes downward. This curve tells us that Question 1 options: the more expensive SUVs are, the more minivans a buyer is willing and able to purchase the more expensive SUVs are, the fewer minivans a firm is willing and able to produce the more expensive minivans are to produce, the fewer minivans a seller is willing and able to purchase the more a firm can sell minivans for, the more minivans it is willing and able to produce None of the above Question 2 (1 point)
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