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1 Consider the rechargeable battery market for electric cars. Assume it can be described as competitive and that this market is currently in equilibrium. Suppose

1 Consider the rechargeable battery market for electric cars. Assume it can be described as competitive and that this market is currently in equilibrium. Suppose that car manufacturers announce plans to dramatically increase their production of electric vehicles. How does this impact the market for rechargeable batteries? Explain and use a graph where necessary

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