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Author Question: Which of the following raises the price of a used car and increases the equilibrium quantity sold? ... (Read 66 times)

Cooldude101

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on: Jun 29, 2018
Which of the following raises the price of a used car and increases the equilibrium quantity sold?
 
  A) a new 8 percent federal excise tax placed on all new car purchases
  B) an increase in wages for used car salespeople
  C) a special rebate program on all new cars
  D) None of the above answers is correct

Question 2

Which of the following statements is true?
 
  A) Positive economics deals with issues that are subjective.
  B) Normative statements depend on personal preferences.
  C) Positive economics recommends what people ought to do.
  D) Normative economic statements can be confirmed or disproven.


Chocorrol77

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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