A large East Asian manufacturing nation dumps its surplus electric vehicles (EVs) on the global market. All other things being equal, if the demand for EVs is price elastic, the most likely consequence for the US market for EVs will be to
reduce excess capacity in the US EV manufacturing industry.
reduce the total value of EV imports entering the US.
shift the demand curve for US EV assembly workers to the left.
shift the supply curve of US EV assembly workers to the left.
