If the Number of Demanders for Electric Cars Increases at the Same

question 108

Multiple Choice

If the number of demanders for electric cars increases at the same time as the number of suppliers of electric cars increases and the shift in demand is equal to the shift in supply, which of the following is true?

• A)Both the equilibrium quantity and price will decrease.
• B)Both the equilibrium quantity and price will increase.
• C)The equilibrium price will decrease and the equilibrium quantity will not change.
• D)The equilibrium quantity will increase and the equilibrium price will not change.

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Definitions:

Transpiration

The method through which water is transported within plants from the roots to tiny openings under the leaves, transforming into vapor there and then being emitted into the air.

Evaporation

Evaporation is the process by which water is transformed from a liquid state into vapor, often driven by heat and leading to the cooling of surfaces.

Species

A collection of living beings comprised of comparable individuals who have the ability to exchange genetic material or reproduce with one another.

Water Cycle

The endless cycle of water moving across, above, and beneath the Earth's surface, which includes activities like evaporation, condensation, precipitation, and infiltration.