Consumers Who Traded in a Used Car for a New

question 175

Multiple Choice

Consumers who traded in a used car for a new vehicle under the Cash-for-Clunkers program received a voucher worth up to $4,500 to offset the price of the consumer's new vehicle. What effect did that program's requirement to destroy all trade-in cars have on the market for used cars?

• A) The supply of used cars increased, decreasing the price of used cars.
• B) The supply of used cards decreased, increasing the price of used cars.
• C) The demand for used cars increased, increasing the price of used cars.
• D) The demand for used cars decreased, decreasing the price of used cars.

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Definitions:

Lobes

Divisions of the brain's cerebral cortex, including the frontal, parietal, occipital, and temporal lobes, each associated with different functions.

Roles

The behaviors, obligations, and privileges attached to a social status.

Nervous System

The complex network of nerves and cells that transmits signals between different parts of the body, coordinating its actions and sensory information.

Parts

Components or pieces that when combined form a whole.