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    Exam 3: Demand and Supply
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    During the Mid-2000s, the Average Price of a Used Car
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During the Mid-2000s, the Average Price of a Used Car

Question 124

Question 124

True/False

During the mid-2000s, the average price of a used car fell by nearly $500 and the quantity sold nation-wide decreased by several thousands each year. This set of results is a contradiction of the law of demand.

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