Which of the Following Increases the Equilibrium Price of a Used

question 458

Multiple Choice

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

• A) new federal legislation that raises the legal driving age to twenty-four in all states
• B) a new fee that used car dealers must pay to the government on all sales of used cars
• C) 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
• D) All of the above because each is consistent with the ʺlaw of demand.ʺ

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Definitions:

Neurotransmitter

Chemicals in the nervous system that transmit signals between neurons or from neurons to muscles.

Acetylcholine

A neurotransmitter that has been linked to depression and dementia.

Bipolar Disorders

Mental health conditions characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Neurotransmitters

Chemical substances in the brain that transmit signals from one neuron to another, playing key roles in mood, thought processes, and physical functions.