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

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
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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 equilibrium price to _______.

a. left, increase
b. left, decrease
c. right, decrease
d. right, increase
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