question-1-the-demand-for-suvs-has-increased-is-the-response-by-manufacturers-an-increase-in-quantity-supplied-that-is-does-the-increase-in-the-production-of-suvs-represent-a-movement-along-the-supply-curve-question-2-what-factor-could-cause-an-ove-1
Please read the WSJ article posted for this week (Click on the title below to view the article on WSJ.com; you can either purchase a discounted subscription to WSJ or use Oviatt Library Website to view a copy of the article).
SUVs Are Bumper-to-Bumper on Dealer Lots, With More on the Way (Links to an external site.)
QUESTIONS:
Question 1: The demand for SUVs has increased. Is the response by manufacturers an increase in quantity supplied? That is, does the increase in the production of SUVs represent a movement along the supply curve?
Question 2: What factor could cause an overresponse in the production of SUVs?
Rewrite the questions above in bullet-point format in the file you will create and respond to them separately.
Your submission must meet the formatting requirements outlined in the syllabus and must have bullet points separately showing each question and your response.
Be sure to explain your responses thoroughly.
Submissions that do not meet the formatting requirements or do not explain the responses thoroughly will not be considered.
