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Explain, using demand and supply analysis, the impact on the market for cars, which are a normal good, as consumers' income increases and at the

Explain, using demand and supply analysis, the impact on the market for cars, which are a normal good, as consumers' income increases and at the same time the car industry invents a new and more efficient technology that can be used in producing cars. Clearly state the effect on demand and supply and whether equilibrium price and/or quantity have increased, decreased or whether the outcome is uncertain.

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