Not only is jayesh perceived by his employees as a kind and fair boss, but he is very committed to local initiatives. for example, he donates a percentage of company profits to a prison rehabilitation program, and the company participates in numerous charity events. jayesh’s behavior suggests his is very important to him.

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?