Question 5 (1 point) Assume that the demand and supply curves for electric cars are elastic. If the government imposes a $500 tax on the buyer of each electric car, what can we assume will happen to the price of an electric car? 0 The equilibrium price of an electric car will decrease by less than $500. 0 The equilibrium price of an electric car will decrease by exactly $500. 0 The equilibrium price of an electric car will increase by exactly $500. 0 The equilibrium price of an electric car will not change since both curves are elastic. Anna-Lia... l [4 \"ulnaA