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Question
a new technology makes it cheaper to produce electric cars. what is likely to happen to the price of electric cars?
una nueva tecnología hace que sea más barato producir autos eléctricos.
¿qué es probable que suceda con el precio de los autos eléctricos?
price will decrease
el precio disminuirá
price will increase
el precio aumentará
price will stay the same
el precio se mantendrá igual
price will fluctuate (price goes up and down)
el precio fluuctuaría (el precio sube y baja)
When production costs for a good decrease due to new technology, the supply of the good increases. In a typical market, an increase in supply, with demand unchanged, leads to a lower equilibrium price for the good.
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Price will decrease
El precio disminuirá