4. On March 23, 2022, the province of Ontario announced it was investing $91 million towardelectric vehicle chargers at highway rest stops, carpooling parking lots, and parks and hockey rinks.Determine the effects on:a. Demand and Supply of Canadian-made cars with gas-driven engines.b. Demand and Supply of electric-powered cars in Canada.c. Demand and Supply of Canadian-made bicycles.d. Demand and Supply for public transit in Canada.e. The overall output of the Canadian economy.

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Answered: a. Demand and Supply of Canadian-made…

a. Demand and Supply of Canadian-made cars with gas-driven engines. b. Demand and Supply of electric-powered cars in Canada.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 9PA

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