Question
The global demand for electric vehicles (EVs) has been
steadily increasing due to growing environmental concerns and government incentives. However, the supply of lithium-ion batteries, a crucial component of EVs, has been facing constraints due to limited production capacity and supply chain disruptions. In this scenario, what is the most likely impact on the equilibrium price and quantity of EVs in the short run?Solution
The increase in demand for EVs coupled with the limited supply of batteries will create a shortage in the market. This shortage will drive up the price of EVs. However, the impact on quantity is uncertain as it depends on the extent of the supply constraints and the responsiveness of demand to the price increase.
What is the maximum percentage of the balance that can be withdrawn if the employee is not employed for one month or more (as per the Employeesâ Provi...
Income and Expenditure Account is
Which of the following statements is not correct?
The ratio of the speed of boat âAâ in still water, the speed of boat âBâ in still water and the speed of the current is 7:5:2, respectively. If ...
The ratio of length to breadth of a rectangle is 8:5. When the length and breadth of the rectangle is increased by 20% and decreased by 30% respectively...
Which among the following Institutions is regulator of âUrban infrastructure development fundâ?
Which of the following numbers is irrational?
What is the term of the Estimates Committee of the Parliament?
Which of the following is the prominent language spoken by 8.03% population of India as per 2011 census?
With reference to the invaders in ancient India which one of the following is the correct chronological order?
