Suppose the Demand Curve for Hybrid Cars Shifts to the Right.This

question 41

Multiple Choice

Suppose the demand curve for hybrid cars shifts to the right.This will cause a relatively small increase in the price of hybrid cars if

• A)demand is elastic and supply is inelastic.
• B)demand is inelastic and supply is perfectly inelastic.
• C)both demand and supply are inelastic.
• D)both demand and supply are elastic.

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Definitions:

Attachment

In psychology, the emotional bond that forms between an infant and their caregiver, crucial for the child's development.

Epiphysis

The rounded end of a long bone, which is separated from the main body of the bone by a growth plate during development.

Medullary Cavity

The central cavity of bone shafts where red or yellow marrow is stored.

Endosteum

A thin vascular membrane of connective tissue that lines the inner surface of the bony tissue that forms the medullary cavity of long bones.