Table 14.2 -Refer to Table 14.2,which Shows the Market for Used Fishing

question 50

Multiple Choice

Table 14.2
-Refer to Table 14.2,which shows the market for used fishing boats.Which of the following is true about this market?

• A) The market is in equilibrium.
• B) We can expect the price of used boats to fall.
• C) We can expect the price of used boats to rise.
• D) Buyers' willingness to pay for a used boat will fall.

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