Get Solutions for: Question iv Using a demand and supply analysis, explain what might happen to the equilibrium price a

Question iv
Using a demand and supply analysis, explain what might happen to the equilibrium price and quantity for Perodua Myvi cars in the following situations: (1) An increase in the price of petrol. (4 marks) (ii) An increase in the price of spare parts of a Perodua Myvi. (4 marks) (iii) A decrease in the price of Proton Saga in the market. (4 marks) (iv) A successful advertising campaign by Naza Kia. (4 marks)