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3. In September of 2022, the Canada Infrastructure Bank launched a $500 million program to triple the number of electric vehicle charger stations in Canada.

3. In September of 2022, the Canada Infrastructure Bank launched a $500 million program to triple the number of electric vehicle charger stations in Canada. All question parts are worth 2 marks. (10 Marks)

Determine the effects on:

  1. Demand and Supply of Canadian-made cars with gas-driven engines.
  2. Demand and Supply of electric-powered cars in Canada.
  3. Demand and Supply of Canadian-made electric bicycles.
  4. Demand and Supply for public transit in Canada.
  5. The overall output of the Canadian economy.

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