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In 2006, the Base Price of a Hummer SUV Was

Question 370

Multiple Choice

In 2006, the base price of a Hummer SUV was about $30,000. By 2008 as gasoline prices increased,


A) the demand curve for Hummers shifted leftward and Hummer prices decreased.
B) the demand curve for Hummers shifted rightward and Hummer prices increased.
C) there was a movement down along the Hummer demand curve.
D) there was a movement up along the Hummer supply curve.

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