There Is an Increase in Availability of Alternative Fuels Through

question 2

Multiple Choice

There is an increase in availability of alternative fuels through research and development.Which of the following correctly captures the effect of this change on the market for gasoline?

• A)Both equilibrium quantity and price will increase.
• B)Both equilibrium quantity and price will decrease.
• C)Equilibrium quantity will increase,but equilibrium price will decrease.
• D)Equilibrium quantity will decrease,but equilibrium price will increase.

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Definitions:

Strong Optimism

This is the tendency to maintain a positive outlook and expect the best possible outcome in all situations.

Task Objectives

Specific goals related to a particular task or project, outlining what needs to be accomplished for successful completion.

Risky Decision Making

The process of making choices under conditions of uncertainty where the outcomes may involve losses or undesirable results.

Dyadic Theories

Theories that explore the two-way relationships between leaders and followers, emphasizing the dyadic connections.