If There Is an Increase in the Demand for Automobiles,and

question 32

Multiple Choice

If there is an increase in the demand for automobiles,and at the same time auto workers receive a substantial raise,what will happen to equilibrium price and quantity in the automobile market?

• A) Price and quantity will rise.
• B) Price and quantity will fall.
• C) Price will rise;quantity will fall.
• D) Quantity will rise;price change cannot be determined.
• E) Price will rise;quantity change cannot be determined.

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Definitions:

Visible Property

A setting in software development that controls whether an element in the user interface is displayed or hidden.

Collapse

In computing, a function that allows users to hide or minimize sections of content, such as tree structures or menus, to reduce on-screen clutter and focus on specific information.

If Program Flow

A logical conditional statement in programming that executes different code blocks based on whether the condition is true or false.

Macro Design View

An overview or interface within software that allows users to create, edit, and manage macros or automated sequences of tasks.