Supply

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Question 1
Easy

The diagram shows the market for lithium-ion batteries.

A supply and demand diagram for lithium-ion batteries showing a leftward shift in supply.

Which of the following is the most likely cause of the market equilibrium moving from point X X\,X to point YYY?

A widespread campaign highlighting the safety risks associated with electric vehicles

An improvement in automated assembly line technology for battery packs

A government subsidy granted to manufacturers of lithium-ion batteries

A sharp increase in the market price of cobalt and lithium

Supply Questions

  1. A Level
  2. /Economics
  3. /Supply