If consumers buy a large number of plug-in electric cars, the equilibrium price of electricity will ________ and the equilibrium quantity of electricity will ________

A) rise; decrease
B) not change; increase
C) fall; increase
D) fall; decrease
E) rise; increase

E

Economics

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An increase the expected future price of a good

A) increases its demand. B) decreases its demand. C) increases its supply. D) has no effect on either its demand or its supply.

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How does human specialization contribute towards increasing an economy's output?

A. It exploits the differences in abilities B. It is a process of creative destruction C. It pushes each worker to master the whole product D. It encourages people to be "jacks-of-all-trades"

Economics