During the mid-2000s, the average price of a used car fell by nearly $500 and the quantity sold nation-wide decreased by several thousand each year. This set of results is a contradiction of the law of demand
Indicate whether the statement is true or false
FALSE
Economics
You might also like to view...
The concept of private property is
A) a legal absolute. B) a matter of degree. C) a moral absolute. D) an invention of economists.
Economics
Stockholders
A) select the managers of a corporation. B) select the employees of a corporation. C) select the board of directors of a corporation. D) all of the above.
Economics