Let D = demand, S = supply, P = equilibrium price, and Q = equilibrium quantity. What happens in the market for electric vehicles if the government offers incentives to manufacturers to produce more electric vehicles?
A) D increases, S no change, P and Q increase.
B) S increases, D no change, P decreases, Q increases.
C) D and S increase, P and Q decrease.
D) D no change, S increases, P decreases, Q decreases.
Answer: B
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After firm A producing one good acquired another firm B producing another good, it raised the prices for the bundle of goods. One can conclude that the goods were
a. substitutes b. complements c. not related d. None of the above
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A) of the sunk cost effect. B) entrepreneurs are found in smaller firms. C) they are usually focused on market share. D) all of these choices.
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A. actively looking for work. B. be younger than 65 years old. C. be skilled enough to hold a job. D. All of these are true.