If the Price of Used Plug-In Electric Cars Is Expected

question 114

Multiple Choice

If the price of used plug-in electric cars is expected to rise in six months, the reaction in the supply of those cars in the market today would likely be a(n) :

• A) upward movement along the supply curve.
• B) downward movement along the supply curve.
• C) shift of the supply curve to the right.
• D) shift of the supply curve to the left.

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Definitions:

Preemption

The process by which the courts decide that a federal statute must take precedence over a state statute.

State Statute

A state statute is a written law passed by a legislative body at the state level, governing matters not reserved for the federal government.

DACA Order

A directive under the Deferred Action for Childhood Arrivals, allowing certain undocumented individuals brought to the U.S. as children to receive a renewable period of deferred action from deportation and eligibility for a work permit.

Due Process Clause

A constitutional guarantee that prohibits the government from depriving individuals of life, liberty, or property without fair legal procedures.