Which of the Following Raises the Equilibrium Price and Increases

question 39

Multiple Choice

Which of the following raises the equilibrium price and increases the equilibrium quantity of used cars?

• A) a fall in income if used cars are an inferior good
• B) an increase in the wage rate paid to used car salespeople
• C) Neither of the above because the question suggests a violation of the "law of demand."
• D) Neither of the above because the question suggests a violation of the "law of supply."

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Characterized by or causing mental or emotional strain or tension, often due to challenging situations or environments.

E-cigarettes

Electronic devices that simulate the experience of smoking tobacco by vaporizing a liquid, which usually contains nicotine, flavorings, and other chemicals.

Secondhand Smoke

Environmental tobacco smoke that is inhaled involuntarily or passively by someone who is not smoking.

Tobacco

Tobacco is a plant whose leaves are dried and fermented before being used in various products, such as cigarettes and cigars, known for containing the addictive substance nicotine.