Which of the Following Raises the Equilibrium Price and Increases

question 15

Multiple Choice

Which of the following raises the equilibrium price and increases the equilibrium quantity of used cars?

• A)A fall in income if used cars are an inferior good
• B)An increase in the wage rate paid to used car salespeople
• C)Neither A nor B because the question suggests a violation of the "law of demand."
• D)Neither A nor B because the question suggests a violation of the "law of supply."

Understand the importance and framework of planning in management functions.

Identify and differentiate between the various levels of management and their roles in planning.

Recognize the significance of time management for effective organizational functioning.

Grasp the concept of long-term and short-term planning and the factors influencing their time frames.

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Definitions:

Warrant

A financial instrument that gives the holder the right, but not the obligation, to buy a company's stock at a specific price before a certain date.

Convertible Bond

A financial instrument that can be transformed into a certain number of the issuer's shares at various points in its existence, most often per the discretion of the individual possessing the bond.

Putable Bond

A type of bond that gives the holder the option to require the issuer to repurchase the security before its maturity date at a predetermined price.

American Options

Financial derivatives that can be exercised by the holder at any time before they expire.