The battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the:

A) supply curve for electric and hybrid autos will shift rightward.
B) supply curve for electric and hybrid autos will shift leftward.
C) demand curve for electric and hybrid autos will shift rightward.
D) demand curve for electric and hybrid autos will shift leftward.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that producers are willing to sell.

Battery Packs

Devices composed of multiple batteries or cells configured together to provide the required voltage, current, and energy density for electronic devices.

Electric And Hybrid Autos

Vehicles that use electricity and/or a combination of electricity and traditional fuels as their power source, aiming for improved fuel efficiency and reduced emissions.