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What Will Happen to the Equilibrium Price and Quantity of New

question 249

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What will happen to the equilibrium price and quantity of new cars if the price of gasoline rises, the price of steel rises, public transportation becomes cheaper and more comfortable, and auto-workers negotiate higher wages?


Definitions:

Land Animals

Organisms that live primarily or exclusively on land, as opposed to aquatic or air environments.

Million Years

A unit of time equal to one million years, often used to describe geological and evolutionary time scales.

Bilateral Symmetry

A body shape with right and left halves that are approximately mirror images of each other. Compare with radial symmetry.

Cephalization

The evolution of a head; the concentration of nervous tissue and sense organs at the front end of the animal.

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