An Increase in the Price of Cars Will Have What

question 91

Multiple Choice

An increase in the price of cars will have what effect on the equilibrium price and quantity of gasoline?

• A)Price will increase,quantity will decrease
• B)Price will increase,quantity will increase
• C)Price will decrease,quantity will decrease
• D)Price will decrease,quantity will increase
• E)The new equilibrium price and quantity can not be determined

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Definitions:

Andrew Jackson

The seventh President of the United States (1829–1837), known for his populist policies, but also for his role in the Indian Removal Act, which led to the Trail of Tears.

Fugitive Slaves

Escaped slaves seeking freedom from bondage, who were often subject to laws compelling their return to enslavement.

Transportation Infrastructure

The framework of facilities and systems that support the movement of people and goods, including roads, bridges, railways, ports, airports, and public transit.

Foreign Investors

Individuals or companies from one country investing capital in businesses, real estate, or other assets in another country.