Jerry Has $50,000 in His Savings Account and the Average

question 59

Multiple Choice

Jerry has $50,000 in his savings account and the average new car price is $23,000. Does Jerry have a demand for a new car?

• A)Yes, since Jerry can afford a new car.
• B)Not necessarily. Jerry has the ability to buy a new car, but we don't know if he also has the willingness to buy a new car.
• C)Yes, since Jerry's savings is more than double the average new car price.
• D)Yes, since Jerry probably needs a new car.

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