Multiple Choice
If consumers suddenly decide they no longer want to purchase hybrid vehicles, the price of hybrid vehicles will likely ________ and producers will ________ production.
A) increase; decrease
B) increase; increase
C) decrease; decrease
D) decrease; increase
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q58: Property rights connect effort with reward.
Q59: If markets are left to their own
Q60: When the Pilgrims first arrived in North
Q61: Many of India's most talented people move
Q62: Scenario 6.1: Tasha and Gloria are friends
Q64: Coal is very useful in the production
Q65: Price fixing tends to result in _
Q66: The ground rules, customs, and conventions that
Q67: Markets are forums where buyers and sellers
Q68: In a society where government mandates that