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Throughout the 1990s, the Price of Sport Utility Vehicles (SUVs)

Question 370

Multiple Choice

Throughout the 1990s, the price of sport utility vehicles (SUVs) rose and each year more were purchased. This experience suggests that


A) there must have been a rightward shift of the demand curve for SUVs.
B) there must have movement leftward along the supply curve for SUVs.
C) there must have been technological advances in the way SUVs are produced.
D) the "law of demand" does not hold true in this market.

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