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:

Resilient Children

Children who demonstrate the ability to withstand or recover quickly from difficult conditions, such as trauma or adversity.

Negative Outcomes

Unfavorable or adverse results that occur as a consequence of an action or a series of actions.

Economic Welfare

The overall state of economic health and prosperity in a society, often measured by standards of living, income distribution, and availability of goods and services.

Chores

Routine tasks or duties, often related to maintaining a household or contributing to community work.