The demand and supply curves for the specific country pertain solely to domestic supply and demand, with imports not factored into supply and exports not considered part of demand. A significant advancement in battery technology has led to a remarkable decrease in cost and a twofold increase in the distance electric vehicles can travel before needing to be recharged. Consequently, electric vehicles equipped with this innovative technology are swiftly replacing gasoline- powered vehicles in both the United States and Europe. Kindly indicate the impact of this situation on the shift of either the demand curve or the supply curve for each item below. Item The demand and supply curves for the specific country pertain solely to domestic supply and demand, with imports not factored into supply and exports not considered part of demand. A significant advancement in battery technology has led to a remarkable decrease in cost and a twofold increase in the distance electric vehicles can travel before needing to be recharged. Consequently, electric vehicles equipped with this innovative technology are swiftly replacing gasoline-powered vehicles in both the United States and Europe. Kindly indicate the impact of this situation on the shift of either the demand curve or the supply curve for each item below. World demand curve for crude oil World supply curve for crude oil U.S. demand curve for crude oil U.S. supply curve for crude oil World crude oil prices U.S. crude oil prices World oil consumption U.S. oil consumption U.S. oil net imports Shifts Right/Shifts Left/Remains Unchanged Rises/Falls/Slight Change Explanation

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