If New Regulations Make It Illegal to Sell Older Model

question 133

Multiple Choice

If new regulations make it illegal to sell older model electrical appliances, then

• A) producers of new models that meet the regulations will see demand for their output rise.
• B) consumers who might have purchased to older appliances are clearly made better off.
• C) consumers are helped, but the profits of appliance producers are not affected.
• D) consumers will certainly gain from the change.

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Definitions:

Destination

The place to which someone or something is going or being sent.

Identification

The process of recognizing or establishing the identity of a person or thing, often used in security and legal contexts.

Liabilities

Financial obligations or debts that an entity is required to pay to others, such as loans, accounts payable, and mortgages.

Sales Contract

A legal agreement between a buyer and a seller detailing the terms and conditions of the sale of goods, services, or property.