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Consider the market for minivans when a strike by steelworkers raises the price of steel. On a piece of scrap paper, draw the supply and
Consider the market for minivans when a strike by steelworkers raises the price of steel. On a piece of scrap paper, draw the supply and demand model for the market, then identify whether supply or demand increases or decreases, and the resulting effect on price and quantity. This is something you do on a piece of scrap paper; you do not turn this in. In the graph you just drew, the horizontal axis measures Question 5 options: the price of steel the amount of available steel the price of minivans the price of apples time None of the above
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