Which of the Following Statements About a Market for Used

Multiple Choice

Which of the following statements about a market for used cars is INCORRECT?

A) The presence of low-quality cars decreases consumers' willingness to pay.
B) An increase in price increases the quantity of high-quality cars supplied.
C) An increase in price decreases the quantity of low-quality cars supplied.
D) The decrease in the quantity of high-quality cars lowers consumers' willingness to pay.