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Lauren1 Lauren1
wrote...
Posts: 4120
9 years ago
Which of the following increases the equilibrium price of a used car and decreases the equilibrium quantity?
A) an announcement by the U.S. Attorney General that the windows on older cars were made with cheaper glass that can explode at high speeds
B) new federal legislation that raises the legal driving age to twenty-four in all states
C) a new fee that used car dealers must pay to the government on all sales of used cars
D) All of the above because each is consistent with the "law of demand."
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Answer accepted by topic starter
MrDerecheMrDereche
wrote...
Top Poster
Posts: 4095
9 years ago
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Lauren1 Author
wrote...
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
9 years ago
You're welcome!
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