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(Solved): Suppose electric cars are a normal good. The following graph shows the market for electric cars. Th ...



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Suppose electric cars are a normal good. The following graph shows the market for electric cars. The change in equilibrium shown in the accompanying graph would be explained by a(n) in the number of sellers and an in household income. increase; increase increase; decrease decrease; decrease decrease; increase


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The supply curve shifts leftward from S1 to S2. Thus, there is a decrease in supply.
The demand curve...
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