Asked by
Bryce Taylor
on Nov 25, 2024
Verified
If car makers are required to install gadgets to improve the cleanliness of car-exhaust, we would expect the equilibrium quantity in the car market to decrease.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.
Car Market
The industry related to the manufacturing, selling, and buying of automobiles.
- Comprehend the connection between consumer surplus and producer surplus as it relates to market efficiency.
- Acknowledge the economic effects of initiatives related to environmental protection and the curtailment of pollution.
Verified Answer
BS
Learning Objectives
- Comprehend the connection between consumer surplus and producer surplus as it relates to market efficiency.
- Acknowledge the economic effects of initiatives related to environmental protection and the curtailment of pollution.
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