Multiple Choice
During a recession, economies experience increased unemployment and a reduced level of activity. How would a recession be likely to affect the market demand for new cars?
A) Demand will shift to the right.
B) Demand will shift to the left.
C) Demand will not shift, but the quantity of cars sold per month will decrease.
D) Demand will not shift, but the quantity of cars sold per month will increase.
Correct Answer:

Verified
Correct Answer:
Verified
Q72: Assume that the market demand and
Q73: A downward-sloped demand curve is consistent with
Q74: What happens if the price ceiling is
Q75: If we assume the following scenario: as
Q76: Assume that the demand is governed
Q78: If consumers in country A purchase many
Q79: Assume that the demand is estimated
Q80: Assume that the demand and the
Q81: Selling a product below its equilibrium price
Q82: International trade in the absence of restrictions