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This is about Ford Motor Company. kindly help to provide solutions to the questions below using diagrams and brief explanations 1. Is the demand curve

image text in transcribed

This is about Ford Motor Company.

kindly help to provide solutions to the questions below using diagrams and brief explanations

1. Is the demand curve for Ford Motor Company's products elastic or inelastic?

2. How does Ford Motor Company determine a product's price and quantity to be as profitable as possible?

3. How does the demand and supply equilibrium affect the output level that maximizes Ford Motor Company's profit?

4. How do disposable income and consumer spending affect the demand for Ford Motor Company's products?

image text in transcribed X P D, 4 quantity & Pr & price profitable for food. D See as Demand carve shift equilibrium changes to Probebice P, & Changes similarly some for shift in supply D P If Disposable income minesge it will shift demand Chose to DID Where food charge higher mice & seemed CLASSMate

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