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4. Tesla automobiles are luxury items, bought primarily by wealthy people. What will be the result on the price and quantity of Tesla sales if

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4. Tesla automobiles are luxury items, bought primarily by wealthy people. What will be the result on the price and quantity of Tesla sales if the following two events occur simultaneously? (1) the price of lithium batteries used in manufacturing Teslas rises substantially; and (2) a big stock market rally makes wealthy people even wealthier than they already are. (5 points) What happens to the demand curve for So Teslas? It shifts to the (right/left) What happens to the supply curve for Teslas? It shifts to the (right/left) Does the equilibrium price increase or Price Po decrease? Can we know whether the quantity sold increases or decreases? (yeso) Why or why not? Do 0 Qo Quantity

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