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If the status of the family automobile has increased in recent decades, what affect would this have on consumer demand? Since the average price of

  1. "If the status of the family automobile has increased in recent decades, what affect would this have on consumer demand?"
  2. "Since the average price of a car has increased substantially over the last 30 years, and the number of cars owned has risen faster than the population, doesn't this mean that the demand curve for cars is upward sloping?"

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