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Outline the effects of the following situations to the Board of Directors meeting next week. Use relevant diagrams and demand and supply analysis to describe your answers.

(a) Price of steel increases by 10%
(b) Ford announced new Falcon which is more economical by 15%
(c) Economic growth results in sustained income increase for Australian consumers
(d) Holden Australia introduce revolutionary new robot technology
(e) News that petrol prices will rise by 20% next year

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M968252

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