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:
Verified
Q36: Demand and supply concepts can be used
Q37: The term equilibrium in market analysis means:
A)
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