link for this article: The persistence of U.S. supply chain challenges and the booming demand for electric vehicles (EVs) illustrate significant shifts in supply and demand dynamics. Supply chain issues have led to a leftward shift in the supply curve, causing higher prices and lower availability of goods, while the growing preference for EVs represents a rightward shift in the demand curve, indicating an increased quantity demanded at all price levels. These shifts affect market equilibrium, leading to higher prices due to supply constraints and a transformative shift in the automotive industry towards electrification. Understanding these dynamics is crucial for navigating the economic and industrial changes, highlighting the role of adaptive strategies and policy interventions in achieving a new equilibrium in a rapidly evolving market landscape