eruderman22 eruderman22
  • 25-01-2024
  • Mathematics
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Suppose that a major luxury car producer exits the market in order to produce more economy cars. At the same time, a new tax law means that many taxpayers will receive large refunds this year. According to a marketing firm, the result is a higher quantity of luxury cars selling at higher prices. Show the change in supply, demand, and equilibrium.

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