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(Solved): 0031 q, hir MIN SEC restion 46 of 50 (3)/(5) Many car buyers use credit to purchase their new cars. ...



0031

q,

hir MIN SEC restion 46 of 50

(3)/(5)

Many car buyers use credit to purchase their new cars. What effect does a decrease in interest rates have on the market for new cars?

?

The supply of new cars increases, decreasing the price of new cars.

?

The supply of new cars decreases, increasing the price of new cars.

?

The demand for new cars increases, increasing the price of new cars.

?

The demand for new cars decreases, decreasing the price of new cars.



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