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Jerry Has $50,000 in His Savings Account and the Average

Question 164

Multiple Choice

Jerry has $50,000 in his savings account and the average new car price is $23,000.Does Jerry have a demand for a new car?


A) Yes,since Jerry can afford a new car.
B) Not necessarily.Jerry has the ability to buy a new car,but we don't know if he also has the willingness to buy a new car.
C) Yes,since Jerry's savings is more than double the average new car price.
D) none of the above

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