Question

What's a good way to start this?. . Use a graph to show the impact on the price of Japanese cars sold in the United States if the United States imposes import quotas on Japanese cars. Now draw another graph to show how the change in the price of Japanese cars affects the price of American-made cars in the United States. Explain the market outcome in each graph and the link between the two graphs.

Answer 1

In making a graph first you must consider the elements, variables and also the data that you need to import in your graph. Second is what could be the type of values or data that is used in the X axis and Y axis. The third is the plotting of data and lastly finding the slope of the graph.