China's automobile firms lead the world in electric vehicle (EV) and automotive software, but rely almost entirely on chips imported from United States, Europe and Taiwan ( The Economist)Links to an external site.. How will recently imposed Commerce Department bans on US firms exporting certain semiconductors to China and increased subsidies affect :

A) The supply, demand, and price of EV cars in China? Discuss whether the supply, demand or both curves shift and direction of shift. Explain your response to get full credit.

B) The supply, demand, and price of EV cars in US? Discuss whether the supply, demand or both curves shift and direction of shift. Explain your response to get full credit.