anonymous
  • anonymous
Looking at the minivan market. identify which of the determinants of demand or supply are affected. A) People decide to have more children B) A strike by steal workers raises steal prices C) Engineers develop a new automated machinery for the production of of minivans. D) The price of sports utility vehicles rises. E) A stock market crash lowers people's income.
Economics - Financial Markets
schrodinger
  • schrodinger
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

anonymous
  • anonymous
You don't have to answer all of the parts I just need help gathering an understanding for finding the determinants.
anonymous
  • anonymous
A) People decide to have more children, could mean more demand shifts to the right in the short run, as the population increases, and demand increases. In the long run, it could also mean a shift to the right in supply, as the labour force increases in population. B) If there's a strike, there's less supply, as no workers are working, so there'd be a shift to the left in supply, making supply more scarce, and therefore making prices rise. C) Usually, new technology (which is efficient) produces more supply and output, so supply may shift to the right as new technology is introduced. I'm sure you have a good understanding now... http://staffwww.fullcoll.edu/fchan/Micro/1determinants_of_demand.htm Here's a site to look up more on determinants, but it is just basically shifts of the supply and demand curves, due to different logical thinking reasons.
anonymous
  • anonymous
Thanks so much! I really appreciate this :)

Looking for something else?

Not the answer you are looking for? Search for more explanations.