If Car Makers Are Required to Install Gadgets to Improve

question 153

True/False

If car makers are required to install gadgets to improve the cleanliness of car-exhaust, we would
expect the equilibrium quantity in the car market to decrease.

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Definitions:

Corporate Promoter

An individual or entity that undertakes the creation and organization of a corporation, including the arrangement of its initial affairs.

Lease

A contract granting use or occupancy of property during a specified period in exchange for a specified rent or other terms.

Corporate Objective

The goals or plans that a corporation aims to achieve, which guide its operational and strategic decisions.

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, thereby having a financial stake in the company's performance.