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please do it with in 15 min its urgent Q. 1 What effect will each of the following have on the demand for small automobiles

please do it with in 15 min its urgent

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Q. 1 What effect will each of the following have on the demand for small automobiles such as the Mini Cooper and Smart ca r? Instructions: Draw the Demand 8: Supply Curves to show the Equilibrium and explain what will happen to Equilibrium Quantity and Equilibrium Price after the change mentioned in parts a. to e. Draw one graph for each part. Write statements of explanation for each. (10) a. Small automobiles become more fashionable. b. The price of large automobiles rises (with the price of small autos remaining the same). C. Income declines and small autos are an inferior good. Consumers anticipate that the price of small autos will greatly come down in the near future

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