If There Is an Increase in the Demand for Automobiles,and

question 32

Multiple Choice

If there is an increase in the demand for automobiles,and at the same time auto workers receive a substantial raise,what will happen to equilibrium price and quantity in the automobile market?

• A) Price and quantity will rise.
• B) Price and quantity will fall.
• C) Price will rise;quantity will fall.
• D) Quantity will rise;price change cannot be determined.
• E) Price will rise;quantity change cannot be determined.

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Definitions:

Technological Impossibility

A situation or condition where a desired technological solution cannot be achieved with current scientific knowledge or resources.

Burying Radioactive Wastes

The disposal method of radioactive materials by placing them in deep geological formations.

Sending Radioactive Wastes

The act of transporting and disposing of waste materials that contain radioactive substances, requiring specialized handling to minimize environmental and health risks.

Converting Radioactive Wastes

The process of treating radioactive waste materials to reduce their volume, radioactivity, or hazard to the environment and public health, often involving encapsulation or immobilization.