Suppose that in the market for electric cars there are two simultaneous changes that occur. A new technology lowers the costs of the batteriesincluded inelectric cars. Also, the price of gas powered vehicles, a substitute for electric cars, falls substantially. What is the impact of these effects on the market for electric cars (depict each separately)?This question requires graphing, graphs may be produced digitally or simply hand-drawn, photographed, and attached with assignment submission.(Note: one relates to demand and the other to supply, the answer to this question is about the net outcome of both effects.)