Pedro decides to buy a shawl for his grandmother instead of buying a video game for himself. what conclusion can be drawn about pedro from this decision? select the best answer from the choices provided. he values clothes over entertainment. he knows that his needs must be met before his wants. he values family over entertainment. he is not financially literate.

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?