Answer each of the following in the space below. Your answers do not need to be long, but should be thorough.

1. What do you think the graphical relationship between car prices and the number of people choosing to buy a car looks like?
2. Describe what each of these represents in a supply or demand graph.
3. Consider the following: car prices rise every year, but the number of cars purchased also rises. Does this make sense in the context of economics? Are we missing any other key information?