How Would Each of the Following Events Affect the Supply

question 172

Essay

How would each of the following events affect the supply of compact cars?
I. The price of steel rises.
II. The production technology for car manufacturing improves.
III. The price of sport utility vehicles falls.

---

Definitions:

Perception

The process by which sensory information is organized, interpreted, and consciously experienced, forming a basis for understanding the environment.

Sensation

How our sensory receptors and nervous system take in and illustrate stimuli energies from the surroundings.

Clairvoyance

The claimed ability to gain information about an object, person, location, or physical event through extrasensory perception, beyond the five senses.

Psychokinesis

The purported ability to move or manipulate objects with the mind, without physical interaction, a phenomenon not supported by scientific evidence.