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:

Homosexuals

Individuals who are sexually attracted to people of the same sex.

Propensity

Propensity is an innate inclination or natural tendency to behave in a certain way.

Heterosexual Couples

Romantic partners consisting of a male and a female.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same sex.