Which of the Following Increases the Equilibrium Price of a Used

question 409

Multiple Choice

Which of the following increases the equilibrium price of a used car and decreases the equilibrium quantity?

• A) an announcement by the U.S. Attorney General that the windows on older cars were made with cheaper glass that can explode at high speeds
• B) new federal legislation that raises the legal driving age to twenty-four in all states
• C) a new fee that used car dealers must pay to the government on all sales of used cars
• D) All of the above because each is consistent with the "law of demand."

Recognize the principles of adverse selection and moral hazard in insurance and investment contexts.

Calculate real after-tax rates of return for different investment options.

Understand the significance of inflation on retirement planning and investment returns.

Identify the characteristics and benefits of different types of retirement plans (e.g., 401k, Roth IRA).

---

Definitions:

Grieving Process

The emotional and psychological journey individuals undergo after experiencing a loss, characterized by stages such as denial, anger, bargaining, depression, and acceptance.

Disassociated Caregiving

A form of caregiving that involves a detachment or emotional distance between the caregiver and the recipient, affecting the quality of care and interaction.

Geographic Distance

The physical space or measure of separation between two points or locations on the earth's surface.

Caregiving Duties

Activities and responsibilities involved in caring for the emotional, financial, physical, and daily needs of individuals unable to care for themselves.