Assume there is a simultaneous decrease in the cost of batteries used in hybrid cars and a shift in consumer preferences toward more fuel-efficient vehicles.Based on this,we can conclude,with certainty,that in the market for hybrid cars,equilibrium:

Question

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When both the cost of batteries used in hybrid cars decreases and consumer preferences shift toward more fuel-efficient vehicles, it will result in a decrease in the price of hybrid cars and an increase in the quantity demanded. Therefore, the equilibrium quantity of hybrid cars will increase, but we cannot say for sure what will happen to the price without additional information.

Assume There Is a Simultaneous Decrease in the Cost of Batteries