Two Methods of Preventing the Pollution Associated with Motor Vehicle

question 6

True/False

Two methods of preventing the pollution associated with motor vehicle emissions would be to improve fuel efficiency and to modify the internal combustion engine to reduce emissions.

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Definitions:

Substantial Network

A concept in economics and business that typically refers to a network within a market that has a significant user base or utility, making it valuable and influential.

Marginal Revenue

Marginal revenue is the additional income generated from the sale of one more unit of a good or service.

Elastic Demand

A situation where the demand for a product is sensitive to price changes, with a relatively large change in quantity demanded for a small change in price.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.