Using the S/D Model, show the change in the following statement that will lead to a change in Supply curve or Demand curve, and then the change in equilibrium price (Pe) and equilibrium quantity (Qe) to the Australian new car and 2nd hand car market.

Question 1a(i) State the production levels for this economy at Point C.a(ii) What is the total opportunity cost of avocados when moving from point B to D? a(iii) What is the unit opportunity cost of each avocado…