In the Following Figure, the First Panel Shows a Market

question 68

Multiple Choice

In the following figure, the first panel shows a market situation prior to regulation and the second panel shows the effects of regulation.Figure 14.2
In the figure,
D: Demand curve for automobiles
S₁: Supply curve of automobiles prior to regulation
S₂: Supply curve of automobiles after regulation
FG: Clean up cost per unit
-Goods which are demanded to produce something else are said to have a(n) :

• A)direct demand.
• B)composite demand.
• C)derived demand.
• D)joint demand.
• E)inelastic demand.

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Definitions:

Brain Stem

The Brain Stem is the lower extension of the brain where it connects to the spinal cord, responsible for controlling vital life functions such as breathing, heart rate, and blood pressure.

GLP-1

Glucagon-like peptide-1, a hormone involved in the regulation of blood sugar levels and often targeted in the treatment of type 2 diabetes.

Metabolism

An organism’s chemical and physical breakdown of food and the process of converting it into energy. Also, an organism’s biochemical transformation of various substances, as when the liver breaks down alcohol into acetylaldehyde.

Appetite

The natural desire to satisfy a bodily need, especially for food.