Which of the Following Raises the Price of a Used

question 200

Multiple Choice

Which of the following raises the price of a used car and increases the equilibrium quantity sold?

• A) a new 8 percent federal excise tax placed on all new car purchases
• B) an increase in wages for used car salespeople
• C) a special rebate program on all new cars
• D) None of the above answers is correct

---

Definitions:

TV Viewers

Individuals or audiences who watch television content, whether through traditional broadcast, cable, or streaming platforms.

Creative Fees

Payments made to professionals for their creative services, such as design, writing, or advertising creation.

Production Fees

Costs associated with the creation of a product or service, including raw materials, labor, and manufacturing overhead.

Sex Appeals

Marketing or advertising strategy that uses sexual imagery or suggestions to attract the consumer's attention or influence their attitude towards a product or service.