Solved

Assuming That the Market for Fossil Fuels Is in Equilibrium

Question 52

Multiple Choice

Assuming that the market for fossil fuels is in equilibrium, the introduction of a smart car would:


A) not affect this market.
B) increase the price of fossil fuels.
C) decrease the price of fossil fuels.
D) decrease the supply of fossil fuels.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions