What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Smart car? Write down the mechanism and also plot the graphs for each case if necessary. a. The price of small automobiles substantially drops. b. Big automobiles become less fashionable c. The price of small automobiles rises (with the price of big autos remaining the same). d. Income increases and small autos are normal good. e. Consumers anticipate that the price of small autos will not change in the near future.

Requirement 2. suppose that, in august 20172017, production was 150150 million units of supreme, 190190 million units of deluxe, and 220220 million units of regular. why might the july 20172017 information on manufacturing cost per unit be misleading when predicting total manufacturing costs in august 20172017? during july 20172017, the company incurred $ 150$150 million of manufacturing overhead costs, which includes a $ 15 million fixed$15 million fixed cost component that will not fluctuate with changes in monthly production volume. this amount, which has been allocated to the total manufacturing costs of producing each product, affects the total manufacturing cost per unit amounts as calculated in requirement 1.