Which of the Following Raises the Equilibrium Price and Increases

question 310

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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Definitions:

Political Tactic

Strategies or maneuvers used by individuals or groups within an organization to gain advantage or power over others, often for personal gain.

Confidence

The feeling or belief that one can rely on someone or something; self-assurance.

Compromising

A conflict resolution strategy where both parties give up something of value to reach an agreement.

Political Tactic

Strategies employed by individuals or groups within an organization to gain power, influence decisions, and achieve specific goals.