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16-11-2022
Advanced Placement (AP)

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Using the following schedules, graph a supply and demand curve for hybrid vehicles. Label all the important parts of the graph, including the axes, the supply and demand curves, and the market equilibrium point. Now, suppose that the government puts a price ceiling on hybrid vehicles, declaring that standard-sized models can cost no more than $15,000. Using your graph, add in and label the price ceiling. What problem will eventually result from this governmental action? What is
the market solution to the problem? Please explain.

Using the following schedules graph a supply and demand curve for hybrid vehicles Label all the important parts of the graph including the axes the supply and d class=

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