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.

---

Definitions:

Noun Clause

A dependent clause that functions as a noun within a larger sentence, often starting with words like "that," "whom," or "where."

Restrictive

Pertains to a limiting or controlling condition or rule.

Nonrestrictive

Descriptive text that provides additional information but is not essential to the meaning of the sentence.

Carbonic Acid

A weak, unstable acid (H2CO3) formed in solution when carbon dioxide dissolves in water and participates in the carbonate buffer system in blood.