Consider the rechargeable battery market for electric cars. Assume it can be described as competitive and that this market is currently in equilibrium. Suppose that car manufacturers announce plans to dramatically increase their production of electric vehicles. How does this impact the market for rechargeable batteries? explain and use a graph where necessary.

In addition to the above , consider the discovery of a new source of inputs required for the production of rechargeable batteries. That is the inputs are now less scarce than previously. How does this impact the market for rechargeable batteries? Explain and use a graph where necessary. Is there ambiguity concerning price and or quantity transacted?

answer for only second question please