Suppose that the market for hybrid cars is competitive and initially in equilibrium. Producers of hybrid cars then embark in a marketing campaign that induces more consumers to purchase hybrid cars. At the same time, the price of batteries, a key input in the production of hybrid cars, declines. How will the equilibrium price and quantity in this market change? Question 17 options: equilibrium price and the quantity of hybrid cars will fall. equilibrium price of hybrid cars rise, but we can't determine how the equilibrium quantity will be affected. equilibrium price and the quantity of hybrid cars will rise. equilibrium quantity of hybrid cars will rise, but we can't determine how the equilibrium price will be affected