Shifting the supply and demand curves: Each diagram shows a…
Shifting the supply and demand curves: Each diagram shows a shift of a demand curve and a supply curve. The arrows indicate the direction of the shift of the curve. Figure 3.6 Which panel of Figure 3.6 represents the changes in the market for new cars when the government mandates new equipment (catalytic converters) be installed in every new car to reduce emissions and consumers incomes increase?