If Consumers Buy a Large Number of Plug-In Electric Cars,the

question 239

Multiple Choice

If consumers buy a large number of plug-in electric cars,the equilibrium price of electricity will ________ and the equilibrium quantity of electricity will ________.

• A) rise; increase
• B) rise; decrease
• C) fall; increase
• D) fall; decrease
• E) not change; increase

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Definitions:

Cultural

Cultural pertains to the ideas, customs, and social behavior of a particular people or society, encompassing language, art, beliefs, norms, and rituals.

Perspectives

Particular attitudes or ways of viewing something based on one's experiences and beliefs.

Harvesting

The act of gathering mature crops from the fields, marking the culmination of the growing season and the beginning of post-harvest processing.

North Americans

People originating from or residing in North America, including countries such as the United States and Canada.