Supply Demand Quantity of Electric Vehicles The cost of lithium-ion batteries, an input into the production of electric vehicles, has been dropping more steeply than expected. The figure above shows...

Extracted text: Supply Demand Quantity of Electric Vehicles The cost of lithium-ion batteries, an input into the production of electric vehicles, has been dropping more steeply than expected. The figure above shows the market for electric vehicles. Select the end result of equilibrium price and quantity. Equilibrium price decreases Equilibrium quantity increases Price ($)