New cars are normal goods. What will happen to the equilibrium price of new cars if the price of gasoline rises, the price of steel falls, public transportation becomes cheaper and more comfortable, auto-workers accept lower wages, and automobile insurance becomes more expensive

the equilibrium price will decrease

Explanation:

The five possible scenarios result in a decrease in the equilibrium price, so we can assume that the price of new cars will definitely fall.

If the price of gasoline increases, then the quantity demanded of new cars will decrease because gasoline is a complementary good to new cars. This will result in a lower equilibrium price. If the price of steel falls, the supply curve of new cars will shift to the right and the price of new cars will decrease at every level of demand. This will result in a lower equilibrium price. If public transportation becomes cheaper and more conformable, the demand for new cars should decrease since the price of its substitute decreases. This will result in a lower equilibrium price. If the wages of auto workers deceases, the supply curve of new cars will shift to the right and the price of new cars will decrease at every level of demand. This will result in a lower equilibrium price. If the price of auto insurance increases, then the quantity demanded of new cars will decrease because auto insurance is a complementary good to new cars. This will result in a lower equilibrium price.