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ues 1. Consider the market for electric vehicles. If there is a government subsidy introduced to incentivize consumers to purchase electric vehicles, how will this
ues 1. Consider the market for electric vehicles. If there is a government subsidy introduced to incentivize consumers to purchase electric vehicles, how will this impact the demand for electric vehicles? Will there be a shift or a movement along the demand curve? Explain with the help of graph. Ques 2. Consider the market for smartphones. If there is an increase in consumers' incomes, how will this affect the demand for smartphones? Will there be a shift or a movement along the demand curve? Explain your answer with the graph. Ques 3. Suppose there is a decrease in the price of tablets. How will this impact the demand for smartphones? Will there be a shift or a movement along the demand curve? Justify your response with the help of raph
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