Which of the Following Raises the Price of a Used

question 47

Multiple Choice

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

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

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Definitions:

Tickle

A sensation that refers to the involuntary twitching movement or laughter in response to a light touch or stroke.

Fasciculus Gracilis

A nerve fiber bundle in the posterior column of the spinal cord that conveys sensory information about fine touch and proprioception from the lower half of the body.

Fasciculus Cuneatus

A bundle of sensory nerve fibers in the dorsal column of the spinal cord that conveys touch and proprioceptive information.

Smooth

Characteristic of muscles that perform involuntary movements, found in the walls of internal organs.