Many Americans are selling their cars and buying new fuelefficient hybrids. Other things remaining the same, in

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Many Americans are selling their cars and buying new fuel­efficient hybrids.

Other things remaining the same, in the market for used cars, ________ and in the market for hybrids ________.

A. supply increases and the price falls; demand increases and the price rises B. demand decreases and the price rises; supply increases and the price falls C. both demand and supply decrease and the price might rise, fall, or not change; demand increases and the price rises D. demand decreases, supply increases, and the price falls; supply increases and the price falls

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Essential Foundations Of Economics

ISBN: 9781786633255

8th Edition

Authors: Robin Bade, Michael Parkin

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