Use the following graphs to answer the next question.  For which graph are there economies of scale throughout the entire range of output of cars?

Which of the graphs in Exhibit 3.2 depicts the effect of an increase in income on the demand for luxury cars?Group of answer choicesGraph B.Graph D.Graph A.Graph C.

Using the information in the table and graph, answer the following questions.What is the equilibrium price level?What is the equilibrium output?$ trillion in real GDP.If the quantity of output demanded at every price level increases by $2 trillion, what happens to equilibrium output and prices?Output .Prices .

The scatter graph shows the age and the value of each of ten cars of the same make and model.11 00010 0009000800070006000500040003000200010000 11109876543210Age (years)Value of car(£)(a) Describe the relationship between the value of a car and the age of the car.....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................(1)(b) Draw a line of best fit on the scatter graph.(1)It may not be reliable to use the line of best fit to predict the value of a car that is10 years old.(c) Give a reason why.......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................(1)(Total for Question 2 is 3 marks)

The price of large automobiles rises (with the price of small autos remaining the same):

The economies of scale is determined through