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Question: assignment score 10712500 resources feedback resum question 13 of 25gt...

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Assignment Score: 1071/2500 Resources Feedback Resum Question 13 of 25> ® Attempt Suppose the cost of lithium-ion batteries, an input into the production of electric vehicles, has dropped more steeply than expected. The accompanying graph depicts a markct for electric vehicles. Demonstrate the effect of a reduction in the price of lithium ion batteries by adjusting the accompanying diagram. Market for Electric Vehicles Equilibrium price O decreases. O increases. O may increase or decrease, but it is impossible to now for sure O does not change Quantty Equilibrium quantity O does not change. O may increase or decrease, but it is impossible to now for sure. 0
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