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A movie star is shown driving an electric car in a new blockbuster movie. At the same time, the government begins subsidizing the manufacturers of
A movie star is shown driving an electric car in a new blockbuster movie. At the same time, the government begins subsidizing the manufacturers of electric cars.
What change do we see to the Demand Curve? Why?
What change do we see to the Supply Curve? Why?
What change do we see to Equilibrium Price? (Increase, Decrease, No Change, Undetermined)
What change do we see to Equilibrium Quantity? (Increase, Decrease, No Change, Undetermined)
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