Manufacturers of gas-powered automobiles have been aware of the increasing popularity of electric automobiles for some time. At the end of this year, a series of new battery-powered vehicles will be brought to market that will dramatically reduce consumer demand for gas-powered vehicles. How are the manufacturers of gas-powered automobiles likely to respond between now and the end of the year?(1 point)

Responses

Manufacturers will maintain current levels of production.
Manufacturers will maintain current levels of production.

Manufacturers will decrease their production of gas-powered automobiles.
Manufacturers will decrease their production of gas-powered automobiles.

Manufacturers will increase their production of gas-powered automobiles.
Manufacturers will increase their production of gas-powered automobiles.

It is impossible to tell from the information provided.
It is impossible to tell from the information provided.
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Manufacturers of gas-powered automobiles are likely to respond by increasing their production of gas-powered vehicles in order to try to maximize sales before the new battery-powered vehicles are released. By increasing production, they may also try to lower prices to attract more consumers to their gas-powered models.