In July 2022, an article in the Wall Street Journal noted that "The chip shortage and broader supply constraints have hampered vehicle production ... Many major car companies on Friday reported U.S. sales declines of 15% or more for the first half of the year." But the Wall Street Journal also reported that car makers were experiencing increases in revenues. For example, Ford Motor Company reported an increase in revenue even though it had sold fewer cars than during the same period in 2021. Briefly explain what must be true of the demand for new cars if car makers can sell 15 percent fewer cars while increasing their revenue. Eventually, the chip shortage and other supply problems facing car makers will end. At that point, would we expect that car makers will expand production to prepandemic levels or will they continue to produce fewer cars in order to maintain higher levels of profits? Briefly explain