When Incomes Are Rising, New SUV Sales Increase While Used

question 159

Multiple Choice

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

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

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