Which of the Following Would Increase the Equilibrium Price and Increase

question 415

Multiple Choice

Which of the following would increase the equilibrium price and increase the equilibrium quantity of used cars?

• A) an increase in the wage rate paid to used car salespeople
• B) a fall in income if used cars are an inferior good
• C) Neither of the above because the question suggests a violation of the "law of demand".
• D) Neither of the above because the question suggests a violation of the "law of supply".

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Definitions:

Hostility

An emotion expressed as anger, aggression, or opposition towards others, often stemming from frustration or perceived threats.

Violent Films

Movies that contain scenes of physical aggression, harm, or brutality, often discussed in terms of their potential impact on viewers' behavior and attitudes.

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment and is used as a benchmark to measure how the other tested groups do.

Experimental Group

The group in an experiment that receives the variable being tested, as opposed to the control group, which does not.