Referring to the Previous Question,what Will Happen to the Equilibrium

question 79

Multiple Choice

Referring to the previous question,what will happen to the equilibrium price and quantity of cars?

• A)They will stay the same as domestic producers replace the cars once imported.
• B)The shortage will cause the equilibrium price to increase and equilibrium quantity will decrease.
• C)The surplus will cause equilibrium price to decrease and equilibrium quantity to increase.
• D)The shift in the demand curve will cause equilibrium price to increase and quantity to increase.

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Definitions:

Expanding Powers

Nations or entities that are in the process of increasing their political, economic, or military strength and influence on a regional or global scale.

Sweden

A Scandinavian country in Northern Europe, known for its advanced welfare state, high standard of living, and commitment to gender equality and environmental sustainability.

France

France is a country in Western Europe known for its rich history, cultural influence, and significant contributions to art, philosophy, and science.