You recently got a job as an usher at the nearby movie theater. last night, you had the opportunity to work but decided to take your very first vacation day. suppose you could have earned $10 per hour for three hours of work. instead, you went to a movie yourself, where you spent $11 on a ticket and popcorn. your opportunity cost to see the movie was

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?