Carefully explain what is happening in the following market. Indicate the impact if any on demand, supply, price and quantity A car manufacturer has produced a lot of SUVs, but now is having difficulty selling them. Impact on demand Choose.... Impact on supply Impact on price Impact on quantity Choose.... Choose... Choose... ♦ Increase equilibrium price Shift outwards / to right Decrease equilibrium price Increase equilibrium quantity Excess demand Excess supply Shift inwards/ to left Change in quantity uncertain Decrease equilibrium quantity No impact Increase towards equilibrium Decrease towards equilibrium Change in price uncertain

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