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Article Link: https://bit.ly/3fbNtrF (Links to an external site.) This question asks you to think about what would happen in the market for electric and hybrid
Article Link: https://bit.ly/3fbNtrF (Links to an external site.)
This question asks you to think about what would happen in the market for electric and hybrid vehicles if the policy described in the article is implemented.
Assume that electric and hybrid vehicles are substitutes for high-emission vehicles. Demand in the market for electric and hybrid vehicles will likely shift to theleft/right
.
Supply in the market for electric and hybrid vehicles will likely shift to the
left/right
options are left/ right
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