Automobile emissions controls were not mandated by law

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Reference no: EM1320480

Q1. Elucidate how the effect of the higher energy prices also reduced productive capacity on aggregate supply by shifting the AS curves in the diagram below.

Q2. The Colorado College Department of Economics also Business Block 7 Econ 207 HW 1 answers. 1. (a) P $3 D 500 Q S (b) Yes, the points lie on 2 straight lines. (c) At P=$1, excess demand is D-S = 700 100 = 600. (d) At P=$5, excess supply is S-D = 900

Q3. If automobile emissions controls were not mandated by law, would people willingly buy also install them? Explain your response.

Reference no: EM1320480

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