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Title: Which of the following raises the equilibrium price and increases the equilibriu Post by: Lauren1 on Nov 11, 2014 Which of the following raises the equilibrium price and increases the equilibrium quantity of used cars?
A) a fall in income if used cars are an inferior good B) an increase in the wage rate paid to used car salespeople C) Neither of the above because the question suggests a violation of the "law of demand." D) Neither of the above because the question suggests a violation of the "law of supply." Title: Re: Which of the following raises the equilibrium price and increases the equilibriu Post by: MrDereche on Nov 15, 2014 Content hidden
Title: Re: Which of the following raises the equilibrium price and increases the equilibriu Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: Which of the following raises the equilibrium price and increases the equilibriu Post by: MrDereche on Nov 17, 2014 You're welcome!
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