Multiple Choice
If the demand for used cars decreases after the price of a new car falls,used cars and new cars are
A) inferior goods.
B) substitute goods.
C) complementary goods.
D) normal goods.
E) The questions errs because it is the quantity of used cars, NOT the demand for used cars, that will change when the price of a new car falls.
Correct Answer:

Verified
Correct Answer:
Verified
Q91: The market demand curve for mousetraps is<br>A)
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -A construction boom
Q93: Both the demand for and supply of
Q94: A scooter uses much less gasoline than
Q97: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q98: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q99: Market equilibrium occurs when<br>A) the quantity demanded
Q100: The equilibrium price of a good occurs
Q101: When the demand curve shifts rightward and
Q258: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The diagram above