Many Americans are selling their used cars and buying new fuel-efficient hybrids. Other things remaining the same, in the market for used cars, ________ and in the market for hybrids ________
A. supply increases and the price falls; demand increases and the price rises
B. demand decreases and the price rises; supply increases and the price falls
C. both demand and supply decrease and the price might rise, fall, or not change; demand increases and the price rises
D. demand decreases, supply increases, and the price falls; supply in-creases and the price falls
A Selling their used cars increases the supply of used cars. Buy-ing new hybrids increases the demand for hybrids.
You might also like to view...
When a nation has a comparative advantage in the production of a particular good
A) the nation tends to avoid specialization. B) the comparative advantage encourages self-sufficiency. C) the opportunity cost of producing that good is higher than that of other goods. D) the nation can gain from trade.
Both demand & supply side of user markets are very specific to location & building type. This Implies user/space markets are highly ______________.
Fill in the blank(s) with the appropriate word(s).
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
A tax on a specific good or service is called an ad valorem tax
a. True b. False