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1.Consider the market for electric vehicles. Draw the supply and demand curves. Suppose that the Biden administration builds thousands of electric vehicle charging stations and

1.Consider the market for electric vehicles. Draw the supply and demand curves. Suppose that the Biden administration builds thousands of electric vehicle charging stations and at the same time the price of steel (which is used in producing autos) falls. Show this on your graph and indicate what you can say about the equilibrium price and quantity of electric vehicles.

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