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QUESTION 8 Suppose that the government wanted to encourage the purchase and use of electric cars, as part of an Initiative to protect the environment.
QUESTION 8 Suppose that the government wanted to encourage the purchase and use of electric cars, as part of an Initiative to protect the environment. So the government provides a subsidy to help people buy electric cars (in other words, when you go to buy an electric car, the government pays part of the cost for you). As a result, the quantity of electric cars that are bought and sold will the price that buyers pay out of their own pockets for electric cars will , and the revenue made by companies that sell electric cars will
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