I could use some help please

4% Resources Hint Elasticity - End of Chapter Problem Do you think the price elasticity of demand for Ford sport-utility vehicles (SUVs) will increase, decrease, or remain the same when each of the following events occurs? Explain your answers. a. Other car manufacturers, such as General Motors, decide to make and sell SUVs. The answer above is correct because b. SUVs produced in foreign countries are banned from the American market. hp Elasticity - End of Chapter Problem Do you think the price elasticity of demand for Ford sport-utility vehicles (SUVs) will increase, decrease, or remain the same when each of the following events occurs? Explain your answers. a. Other car manufacturers, such as General Motors, decide to make and sell SUVs. decrease increase remain the same consumers now have more substitutes from which to choose. to be successful, the new entrants in the SUV market will be priced lower than the Ford SUVs. consumers will become confused about the relative merits of the SUVs as more choices become available. brand loyalty will make it virtually impossible to convince consumers to switch to GM's or other's SUVs. hp