In the early 2000s car sales in China had slowed in part caused by the government's actions to limit businesses from lending funds to consumers. Assuming the car market in China can be analyzed with demand and supply curves, what best reflects the change in the market?
A. Supply curve shifts to the left with no change in demand.
B. Demand curve shifts to the left with no change in supply.
C. Both the supply and demand curves shift to the left.
D. Both the supply and demand curves shift to the right.
Answer: B
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a. True b. False
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A. 27.6 %. B. 35.0 %. C. 32.7 %. D. 20.5 %.