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Consider the market for trucks (normal good) shown at right. Market for Trucks (normal good) Consider the effect of the following two events on the

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Consider the market for trucks (normal good) shown at right. Market for Trucks (normal good) Consider the effect of the following two events on the market: i. New production technology ii. An increase in average income 1.) Using the line drawing tool, draw new supply and A demand lines, making sure to properly label the lines. Market Price 2.) Using the point drawing tool, indicate the new equilibrium quantity and price and label this 'B' Carefully follow the instructions above, and only draw the D required objects. Quantity

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