Question
1. Discuss how the markets for EV batteries and graphite are interrelated. Does the equilibrium in one market influence the other? If so, explain how.
1. Discuss how the markets for EV batteries and graphite are interrelated. Does the equilibrium in one market influence the other? If so, explain how.
2. How would you describe the slope or shape of the market demand curve for batteries and graphite? In each market, is demand relatively elastic or inelastic? Explain why.
3. Using the supply and demand model, discuss the predicted changes in the market equilibrium for graphite over the next few years. What curves are shifting and why? Explain
4. Do you predict any changes in the total environmental costs over the next few years? Explain why or why not using economic concepts discussed in class.
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