Which of the Following Raises the Equilibrium Price and Increases

question 131

Multiple Choice

Which of the following raises the equilibrium price and increases the equilibrium quantity of used cars?

• A) An increase in the wage rate paid to used car salespeople
• B) A fall in income if used cars are an inferior good
• C) Neither A nor B because the question suggests a violation of the "law of demand."
• D) Neither A nor B because the question suggests a violation of the "law of supply."

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