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Suppose that the price of sedans in the previous graph decreases from $26,000 to $21,000 per car. This would cause the of sedans to decrease,
Suppose that the price of sedans in the previous graph decreases from $26,000 to $21,000 per car. This would cause the of sedans to decrease, which is reflected on the graph by a the supply curve. Suppose the Workers' Union accepts a pay cut from $30 per hour to $25 per hour. Assuming that the robot speed remains the same, this would cause a the supply curve. This is because the pay cut makes cars
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