How will the tax credit change the quantity of new EVs traded in September and October?
The tax credit will ___________ the price and ___________ the quantity of EVs traded in September and ___________ the quantity of EV’s traded in October.
Wrong! - How does the tax credit change the quantity of EV’s traded in September, and how does the quantity traded in September influence the quantity traded in October?
Well Done! - A The tax credit will lower the September price, which will increase the quantity of EVs traded in September, some of which would have been sold in October, so the October quantity will decrease.
The government has granted a tax credit to buyers of new EVs up to $7,500 for binding contracts signed before or on September 30.—npr.org