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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 c…

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 c…
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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.​

User AdamIerymenko
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7.7k points

1 Answer

7 votes

Answer:

B. The price of a new car in the economy would fall.

Step-by-step explanation:

User Tom Siwik
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8.2k points
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