Which of the Following Raises the Price of a Used

question 20

Multiple Choice

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

• A)A new 8 per cent excise tax placed on all new car purchases
• B)A special rebate program on all new cars
• C)An increase in wages for used car salespeople
• D)None of the above answers is correct.

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Definitions:

Postcentral Gyrus

The region of the cerebral cortex located immediately posterior to the central sulcus, primarily responsible for processing somatosensory information.

Cerebral Palsy

A group of permanent movement disorders that appear in early childhood, often due to brain damage before, during, or shortly after birth.

Premotor Cortex

A brain region located anterior to the primary motor cortex, involved in the planning and preparation of movements.

Dorsal Visual Stream

The pathway in the brain that processes spatial and motion information, extending from the occipital lobe to the parietal lobe.