Many Americans are selling their used cars and buying new fuel efficient hybrids. Other things remaining the

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Many Americans are selling their used cars and buying new fuel efficient 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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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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