@& Finder File Edit Go Window Help Sat Mar 23 3:32PM @ ng.cengage.com Richard '..Q CENGAGE ' MINDTAP Q Search this course Module Three Quiz @ X 14. Determinants of Supply and Demand PROFILE Consider the market for gas-powered small cars. Assume gas-powered small cars are a normal good. ORDERS RENTALS For each of the following events, identify which of the determinants of demand or supply are affected. If demand is unaffected by this event because it creates only a supply change, select the "None\" option under the "Demand Determinant\" column. Similarly, if supply is unaffected by this event COURSES Vv because it creates only a demand change, select the "None\" option under the \"Supply Determinant\" column. Event Demand Determinant Supply Determinant People decide to have more children. v The price of electric small cars falls. Study tools The discovery of a new source of iron ore lowers steel prices. An economic recession lowers people's wealth. LU O A number of major car dealers decide to switch from selling gas- powered cars to selling electric cars. Career Success Tips Show the effect of the following event on the market for gas-powered small cars: People decide to have more children. [ o Help @) N | i [c]\\o) @& Finder File Edit Go Window Help Sat Mar 23 3:32PM @ ng.cengage.com Richard '..Q CENGAGE ' MINDTAP Q Search this course Module Three Quiz @ X Show the effect of the following event on the market for gas-powered small cars: People decide to have more children. PROFILE ( @ ORDERS RENTALS O COURSES v Demand O Study tools College Success Tips 2 T o [ o o 3 3 a a O k] Q S 2 o Demand Career Success Tips @ 0 Help Quantity of Gas-powered Small Cars | i [c]\\o) Show the effect of the following event on the market for gas-powered small cars: The price of electric small cars falls. @& Finder File Edit Go Window Help Sat Mar 23 3:32PM @ ng.cengage.com Richard '..Q CENGAGE ' MINDTAP Q Search this course Module Three Quiz @ X Show the effect of the following event on the market for gas-powered small cars: The price of electric small cars falls. PROFILE . @ ORDERS RENTALS COURSES v Study tools College Success Tips 2