Research and analyse the growth and trends of ICE (internal combustion engine) market versus EV (electrical vehicle) market in Malaysia over the last 10 years (2013 to 2023). Economic models that can be used are:
– Marginal analysis
– Opportunity costs
– Trade-off
– Comparative advantage
– Price elasticity and other types of elasticity
There must also be the use of supply and demand curves in the analyses for the discussion.
The attached PDF contains both the instructions and the rubrics for this assignment. Please do not exceed 1000 words. The use of charts is encouraged.
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