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Lauren1 Lauren1
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Posts: 4120
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9 years ago
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."
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MrDerecheMrDereche
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#1
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9 years ago
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Lauren1 Author
wrote...
#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
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