Suppose That People Decide Riding Scooters Is No Longer Fun

question 207

Multiple Choice

Suppose that people decide riding scooters is no longer fun.The equilibrium price of a scooter ________,and the equilibrium quantity of scooters ________.

• A) rises; increases
• B) rises; decreases
• C) falls; increases
• D) falls; decreases
• E) does not change; decreases

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Definitions:

Licensing

The legal process or requirement to obtain permission to engage in certain professions, activities, or use of intellectual property.

Psychosurgery

A type of brain surgery, the purpose of which is to treat or alleviate severe mental illness and behavioral disorders.

Irreversible

A characteristic of a process or reaction that cannot be reversed, meaning it cannot return to its original state.

Psychosurgery

Surgical operations on the brain intended to relieve severe mental disorders.