Question:

As a new alternative to gas cars, Elon Musk introduced his production of electric cars, TELSA.

With the increase in the price of gasoline in the past few years there has been a movement towards electric cars.

How would this have affected the market for electric cars?

How would you show both graphically and verbally the impact in the market for electric cars.

(Using: First draw D and S curves and market equilibrium ( e*= D*=S*) and then to see the impact in the market and the new equilibrium in the market)