Question

Concern for the environment among consumers causes consumers to substitute away from traditional autos to electric-powered autos.

Equilibrium quantity: Increases / Decreases
Equilibrium price: Increases / Decreases

Answer 1

the equilibrium price and quantity of traditional autos decreases

the equilibrium price and quantity of electric cars increases

Step-by-step explanation:

Due to the decrease in demand for traditional autos, there would be a leftward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would fall.

Due to the increase in demand for electric-powered autos, there would be a rightward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would increase.

Please check the attached images for graphical illustrations