When Incomes Are Rising,new Car Sales Increase While Used Car

question 159

Multiple Choice

When incomes are rising,new car sales increase while used car sales decrease.This indicates that

• A)used cars and new cars are both normal goods.
• B)used cars are inferior goods and new cars are normal goods.
• C)used cars and new cars are complements.
• D)used cars and new cars are substitutes.
• E)used cars are normal goods and new cars are inferior goods.

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Definitions:

Mental Motion

The flow or progression of cognitive processes, thought, or imagination.

Mood Adjustment

The process of altering one's emotional state through various methods, such as engaging in activities or changing thought patterns.

Survival Value

The extent to which a trait, behavior, or adaptation contributes to the survival and reproductive success of an organism.

Evolutionary Significance

The importance of traits, behaviors, or structures in terms of their contribution to an organism's survival and reproduction.