If the number of demanders for electric cars increases at the same time as the number of suppliers of electric cars increases, w

Question

3 years ago

6

If the number of demanders for electric cars increases at the same time as the number of suppliers of electric cars increases, w

hich of the following is true?
(A) The equilibrium quantity will increase.
(B) Both the demand and supply curves will shift to the left.
(C) The equilibrium quantity will decrease.
(D) The effect on the equilibrium quantity is ambiguous without more information.

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1 answer:

Dmitriy789 [7] · Answer 1 · 2022-02-26T10:05:25+03:00

Dmitriy789 [7]3 years ago

7 0

Answer:

(A) The equilibrium quantity will increase.

Explanation:

An increase in demand and supply of electric cars would shift the demand and supply curves to the right.

Equilibrium quantity would increase.

Price would not change.

I hope my answer helps you