You plan to purchase a 80,000 $ house using a 15 year mortgage obtained from your local bank, the mortgage rate offered to you is 8.00 percent , you will make a down payment of 20 percent of the purchase price.

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?