I don't really know anything about cars, but you can look up the farmer thing, there's generally been a trend of farmers exiting the market (due to other factors), but this has considerably slowed down/reversed in the last few years.
Chinese car manufacturers have become quite popular with their extremely cheap EV offerings. They're just banned in the US. Egg prices are back to normal after tripling last year.
The theory sounds great in an Econ 101 classroom, but is problematic in practice.