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Unformatted text preview: the supply, the demand , and the equilibrium in the market for cars. b) What are the endogenous and exogenous variables? c) Suppose that the price of cars increases. What happens to the supply of cars? Show it graphically. d) Now assume that the price of tires goes up. What happens to the supply of cars? Show it graphically. Chapter 1 Chapter 2...
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- Fall '08