During the Obama administration, the development of low-cost batteries for electric cars received large amounts of federal funding in terms of subsidies. Meanwhile, American households gave a higher priority towards minimizing their environmental impact. Consider the market for zero-emissions electric vehicles where there is an upward-sloping supply curve and a downward-sloping demand curve. Which direction will demand and supply shift?
A. Demand will shift right and supply will shift length.
B. Demand will shift left and supply will shift right.
C. Both curves will shift left.
D. Both curves will shift right.
Ans: D. Both curves will shift right.
Economics
You might also like to view...
An unexpected fall in durable goods orders should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Economics
Which of the following best describes white servitude?
(a) It applied to hired labor. (b) It was more costly than slavery. (c) It bound vagrants and orphans into productive employment. (d) It was pervasive on tobacco, indigo and cotton plantations.
Economics