How Have the Recent Increases in the Price of Gasoline

question 105

Multiple Choice

How have the recent increases in the price of gasoline affected the market for hybrid cars?

• A) The demand has increased, increasing the equilibrium price and quantity of hybrid cars.
• B) The supply has increased, decreasing the equilibrium price and increasing the equilibrium quantity of hybrid cars.
• C) The demand has increased, decreasing the equilibrium price and increasing the equilibrium quantity of hybrid cars.
• D) The demand and supply of hybrid cars have both increased in response to changing gas prices, so the equilibrium quantity has definitely decreased, but the effect on price cannot be determined without more information.

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Definitions:

Organic Organizations

Flexible and adaptive organizational structures that emphasize decentralization, employee empowerment, and the capacity to adjust rapidly to changes.

Future Organization

The conceptualization or design of organizational structures, cultures, and practices for adapting to expected future challenges and opportunities.

Organization Design

The process of structuring and arranging the components of a company or organization to achieve its objectives efficiently and effectively.

Traditional Forms

Conventional or long-established methods, practices, or art forms that are passed down through generations.