A really good post from Geof Riley's tutor2u blog on changes in the car market
http://www.tutor2u.net/blog/index.php/economics/comments/why-are-the-car-companies-cutting-production/
a) Using a S&D diagram, explain why the change in equilibrium has occured in the car market
b) Use the concept of elasticity of SUPPLY to explain why customers are unlikely to see large falls in the price of cars from these manufacturers
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