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(Solved): As the pandemic started, there was an increase in the demand for used cars and it was difficult to f ...
As the pandemic started, there was an increase in the demand for used cars and it was difficult to find new cars due to a microchip shortage. What determinant(s) do you think changed to account for the the change in demand for used cars? Explain. What kind of relationship do used and new cars have? Did you or your family purchase a new or used car since the start of Covid? If so, what made you decide to buy a car at that time? What other goods did the pandemic create an increase in demand? What goods did you have a hard time finding in the store during the pandemic?