Multiple Choice
Which of the following raises the equilibrium price and increases the equilibrium quantity of used cars?
A) A fall in income if used cars are an inferior good
B) An increase in the wage rate paid to used car salespeople
C) Neither A nor B because the question suggests a violation of the "law of demand."
D) Neither A nor B because the question suggests a violation of the "law of supply."
Correct Answer:

Verified
Correct Answer:
Verified
Q10: A change in which of the following
Q11: Which of the following increases the quantity
Q12: Because of increasing marginal cost, most supply
Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the figure
Q16: Wants, as opposed to demands,<br>A)are the goods
Q17: Flights to Paris are a normal good
Q18: Which of the following shifts the supply
Q19: Which of the following shifts the supply
Q20: Which of the following raises the price
Q456: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above