Suppose That the Price for Fully Electric Vehicle Made by Toyota

question 59

Multiple Choice

Suppose that the price for fully electric vehicle made by Toyota increases.The quantity of fully electric cars sold in the market will:

• A)increase,because Toyota would be willing to sell more fully electric vehicles.
• B)decrease,because Toyota believes that to maintain the higher prices,it must sell a smaller quantity.
• C)increase,because other auto manufacturers would want to enter the market and also sell fully electric vehicles.
• D)Both A and C are correct.

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Definitions:

Ethnic Minority

A group within a country or community which differs from the majority in racial, national, cultural, or linguistic characteristics.

Ethnic Majority

The largest ethnic group within a certain geographical area or society, often holding more power or resources than ethnic minorities.

Cognitive Dissonance

A psychological phenomenon where individuals experience discomfort from holding two or more conflicting beliefs, values, or attitudes.

Self-Esteem

An individual’s overall subjective emotional evaluation of their own worth or personal value.