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You have been hired by Ford Motors to work as a market analyst. Yourjob is to estimate the impact of various events on Ford's individual
You have been hired by Ford Motors to work as a market analyst. Yourjob is to estimate the impact of various events on Ford's individual supply curve for pick-up trucks. For each of the following, identify what impact it would have on the supply of Ford pick-up trucks. Briey explain your reasoning for each. A. Are in one of the Ford F-150 parts production plants increases the price of parts necessary for the production of pick-up trucks. B. OPEC [The Organization of Petroleum Exporting Countries) reduces the production of oil, causing the price of gasoline to increase. C. Chevrolet increases the price of their pick-up trucks by 10%
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