Business, 29.02.2020 01:15 baby092000
During the Obama administration, the development of low-cost batteries for electric cars received large amounts of federal funding in terms of subsidies. Meanwhile, American households gave a higher priority towards minimizing their environmental impact. Consider the market for zero-emissions electric vehicles where there is an upward-sloping supply curve and a downward-sloping demand curve.
1. Which direction will demand and supply shift?
A. Both curves will shift right
B. Demand will shift left and supply will shift right.
C. Deman will shift right and supply will shift left.
D. Both curves will shift left.
2. What will happen to the equilibrium price?
A. Change is ambiguous.
B. Price remains constant.
C. Prince increases.
D. Price decreases.
3. What will happen to the equilibrium quantity?
A. Change is ambiguous.
B. Quantity decreases
C. Quantity increases
D. Quantity remains constant
Answers: 1
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During the Obama administration, the development of low-cost batteries for electric cars received la...
History, 19.05.2020 12:59
History, 19.05.2020 12:59