Impact the equilibrium price and quantity in the market

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Reference no: EM131253233

Show how each of the following would impact the equilibrium price and quantity in the market of large SUVs in the short-run.

a. A decrease in the price of gasoline

b. UAW organizes auto manufacturing plants in southern U.S. (leading to increase in wages of auto workers)

c. A study shows that driving an SUV increases mortality risk of occupants (relative to automobiles) owing to inferior handling and vehicle stability.

Reference no: EM131253233

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