1. Describe how each of the following will affect the demand for hybrid cars:
2. a. A rise in income (assuming that hybrid cars are a normal good)
3. b. Consumers expect prices of hybrid cars to fall in the future.
4. c. Price of gasoline rises.
5. d. Increased number of campaigns in favor of protecting the environment.
7. Describe how each of the following will affect the supply of personal computers:
8. a. A rise in wage rates
9. b. An increase in the number of sellers of computers
10. c. A tax placed on the production of computers
11. d. A subsidy for the production of computers
13. Refer to graph below to answer the following questions
14. a. Identify the areas that represent consumers' surplus at the equilibrium price of PE.
15. b. Identify the areas that represent consumers' surplus if there is a price ceiling of Pc.
16. c. Identify the areas that represent deadweight loss due to a price ceiling set at PC.
18. 

S- P Pu 2 L PE 5 PC 6 DA