Assume that there is an improvement in the technology used for manufacturing batteries for electric cars which results in lower production costs; meanwhile there is an overall decrease in consumer incomes in Australia due to rising unemployment.In one or two sentences, describe the direction of shift for the demand and supply curves and what will happen to the equilibrium price and quantity for the Australian electric car market (i.e. will either price and quantity be higher, lower or cannot determine [ambiguous]).

(You should draw a sketch on some paper to help work out.)