If a new car was priced at $23,000 and the m1 in the economy fell, which of the following would occur? A. More new cars would be produced for the demand. B. The price of a new car in the economy would

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asked Mar 12, 2023 112k views

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If a new car was priced at $23,000 and the m1 in the economy fell, which of the following would occur?

A. More new cars would be produced for the demand.
B. The price of a new car in the economy would fall.
C. The car market woulld collapse.
D. The price would not be impacted by less M1.