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1.Let's assume there is an excess of supply of worldwide lithium, which is a component of batteries. Determine the effects on: a.Demand and Supply of

1.Let's assume there is an excess of supply of worldwide lithium, which is a component of batteries.

Determine the effects on:

a.Demand and Supply of Canadian-made cars with gas-driven engines.

b.Demand and Supply of electric-powered cars in Canada.

c.Demand and Supply of Canadian-made bicycles.

d.Demand and Supply for public transit in Canada.

e.The overall output of the Canadian economy.

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