If the number of firms producing electric cars increases and consumer preference for electric cars increases, the equilibrium quantity of electric cars will definitely increase

Indicate whether the statement is true or false


TRUE

Economics

You might also like to view...

Many spouses complain that their partners tend to "let themselves go" after getting married. This is an example of

a. Moral hazard b. Adverse selection c. Terrible husbands d. None of the above

Economics

Individuals have a tradeoff between leisure and work. When income from working is taxed, the cost of leisure is reduced in relative terms

a. True b. False Indicate whether the statement is true or false

Economics

One-fifth of the population, rank ordered by income, is

A. An earnings-population quintile. B. An income quintile C. A population quintile. D. None of the choices are correct.

Economics

Using the fiscal year 2017 estimates, the largest component of federal revenue is the

A) individual income tax. B) corporate income tax. C) excise tax. D) social insurance and contributions.

Economics