If the Demand for Used Cars Decreases After the Price

question 96

Multiple Choice

If the demand for used cars decreases after the price of a new car falls,used cars and new cars are

• A) inferior goods.
• B) substitute goods.
• C) complementary goods.
• D) normal goods.
• E) The questions errs because it is the quantity of used cars, NOT the demand for used cars, that will change when the price of a new car falls.

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Definitions:

IR Spectroscopy

A technique used in chemistry to identify molecular structures by measuring the absorption of different frequencies of infrared light, providing information about functional groups present.

IR Absorption

A phenomenon where molecules absorb infrared radiation at specific wavelengths, corresponding to vibrations of their chemical bonds; used in spectroscopy for molecule identification.

Characteristic Stretch

The specific frequency at which molecular bonds stretch during IR absorption, indicative of certain functional groups.

Characteristic Stretch

Specific vibrations in molecules, observed in infrared spectroscopy, that are associated with particular functional groups and bonds within the molecule.