Examlex

Solved

Adele Has Never Driven a Car with a Standard Transmission

question 41

Multiple Choice

Adele has never driven a car with a standard transmission before.That is,she's never had to decide when to shift gears,push in the clutch,or stop suddenly when the car is in gear.She's just bought a car with standard transmission and wants to practice driving it before she takes it onto the highway.What should she do?


Definitions:

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the existing price.

Price Ceiling

A price ceiling is a legal maximum price set by the government for certain goods or services to prevent prices from becoming prohibitively high.

Price Floor

A government-imposed minimum price charged on a product, below which that particular product cannot be supplied to the market.

Shortage

A scenario in which the market's need for a service or product surpasses its availability.

Related Questions