Multiple Choice
How does an expected change in car prices affect consumption?
A) Higher car prices in the future prompts some to buy a new car now.
B) Higher car prices in the future prompts some to buy a new car in the future.
C) Lower car prices in the future prompts some to buy a new car now.
D) Lower car prices in the future prompts some to sell their car in the future.
E) Changes in car prices do not affect consumption.
Correct Answer:
Verified
Correct Answer:
Verified
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