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Consider the market for minivans when people decide to have more children. On a piece of scrap paper, draw the supply and demand model for
Consider the market for minivans when people decide to have more children. 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 this graph, Question 9 options: the supply curve shifts to the left, the demand curve does not shift, and as a result, price decreases and quantity increases. the supply curve shifts to the right, the demand curve does not shift, and as a result, price decreases and quantity increases. the supply curve does not shift, the demand curve shifts to the right, and as a result, price increases and quantity increases. the supply curve does not shift, the demand curve shifts to the left, and as a result, price decreases and quantity decreases. None of the above
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