Graphically illustrate how the supply curve for electric vehicles will be affected in each of these cases below.
(i) Producers of electric vehicles now face increased taxes on imported parts (from other countries) used to produce the vehicles.
(ii) Producers of electric vehicles are now able to produce the vehicles more efficiently due to advances in production techniques.
(iii) Producers of electric vehicles now get new production subsidies from the government.
(iv) The cost of production of electric vehicles falls.

Question

Quizplus · Accepted Answer

The Answer of Graphically illustrate how the supply curve for electric vehicles will be affected in each of these cases below.
(i) Producers of electric vehicles now face increased taxes on imported parts (from other countries) used to produce the vehicles.
(ii) Producers of electric vehicles are now able to produce the vehicles more efficiently due to advances in production techniques.
(iii) Producers of electric vehicles now get new production subsidies from the government.
(iv) The cost of production of electric vehicles falls.

Graphically Illustrate How the Supply Curve for Electric Vehicles Will