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An Increase in Input Costs in the Production of Electric

question 6

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An increase in input costs in the production of electric automobiles caused the price of electric automobiles to rise.Holding everything else constant, how would this affect the market for gasoline-powered automobiles (a substitute for electric automobiles) ?


Definitions:

Left Hemisphere

The left side of the brain, typically associated with analytical tasks, language processing, and logical reasoning.

Language

A system of communication used by a particular community or country, consisting of written, verbal, or signed forms of communication.

Logical Thinking

The process of reasoning consistently and sensibly, using a structured and coherent approach to arrive at conclusions.

Reflex Behaviors

Automatic, involuntary, innate responses to stimulation.

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