Given the following situations, determine the effect on Qd or D or Qs or S for electric cars. Write ↑ Qd, ↓ Qd, ↑ D, ↓ D, ↑ Qs, ↓ Qs, ↑ S, ↓ S or no effect. For each answer, graphically illustrate using the corresponding demand curve or supply curve. Show graphical table (Use digital graphical calculator or microsoft word). Label properly: 1.There is a sustained steady decline in petroleum prices. 2.Increase in the cost of manufacturing batteries due to raw material price fluctuations. 3.Higher than expected maintenance costs for this type of cars compared to traditional combustion engine cars. 4.Difficulty
Given the following situations, determine the effect on Qd or D or Qs or S for electric cars.
Write ↑ Qd, ↓ Qd, ↑ D, ↓ D, ↑ Qs, ↓ Qs, ↑ S, ↓ S or no effect. For each answer, graphically illustrate using the corresponding
1.There is a sustained steady decline in petroleum prices.
2.Increase in the cost of manufacturing batteries due to raw material
3.Higher than expected maintenance costs for this type of cars compared to traditional combustion engine cars.
4.Difficulty recruiting skilled workers specializing in this production.
5.Advancements in battery technology significantly increases the range of electric cars.
6.Cybersecurity threats in the software system in the production lines.
7.Improved efficiency in the supply chain for the essential electric vehicle components.9. Increasing trend in the price of electric cars.
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 3 images
