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)

Question

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

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

It is impossible to tell from the information provided.
It is impossible to tell from the information provided.

Manufacturers will maintain current levels of production.

GPT-4o mini · Answer

Manufacturers will decrease their production of gas-powered automobiles.

Given the anticipated increase in consumer demand for electric vehicles and the likely decline in demand for gas-powered vehicles, it is logical for manufacturers to respond by reducing their production of gas-powered automobiles in order to adapt to the changing market conditions.