For each of the following events, identify which of the determinants of demand or supply are affected.
a. Engineers develop new automated machinery for the production of electric cars.
b. People increase their concern for the environment.
c. An economic boom raises people's wealth.
d. A strike by aluminum workers raises the price of aluminum.
e. The price of gas-powered cars fans.
Answers: 3
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Business, 22.06.2019 20:50
Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?
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For each of the following events, identify which of the determinants of demand or supply are affecte...
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