Many automobile manufacturers are finding that the costs of batteries used in making electric cars are becoming less expensive. Based on this information, in the market for electric cars the supply curve would shift _______ causing the equilibrium price to _______. a. left, increase b. left, decrease c. right, decrease d. right, increase
Many automobile manufacturers are finding that the costs of batteries used in making electric cars are becoming less expensive. Based on this information, in the market for electric cars the supply curve would shift _______ causing the equilibrium price to _______. a. left, increase b. left, decrease c. right, decrease d. right, increase
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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Many automobile manufacturers are finding that the costs of batteries used in making electric cars are becoming less expensive. Based on this information, in the market for electric cars the supply curve would shift _______ causing the
a. left, increase
b. left, decrease
c. right, decrease
d. right, increase
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