The battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the:
A) supply curve for electric and hybrid autos will shift rightward.
B) supply curve for electric and hybrid autos will shift leftward.
C) demand curve for electric and hybrid autos will shift rightward.
D) demand curve for electric and hybrid autos will shift leftward.
A
You might also like to view...
The concept of rational ignorance can explain why the government might provide more than the efficient quantity of a public good
Indicate whether the statement is true or false
Technological advances have resulted in lower prices for digital cameras. What is the impact of this on the market for traditional (non-digital) cameras?
A) The demand curve for traditional cameras shifts to the right. B) The demand curve for traditional cameras shifts to the left. C) The supply curve for traditional cameras shifts to the left. D) The supply curve for traditional cameras shifts to the right.
An example of a buyer in a financial market would be:
A. families buying new houses. B. students saving for college. C. corporations loaning money to other firm. D. families putting money away for the future.
A tax rate increase necessarily leads to an increase in tax revenue for the government
Indicate whether the statement is true or false