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Carmax Is a National Chain That Sells Used Cars

Question 167

Multiple Choice

Carmax is a national chain that sells used cars. The likely impact of its arrival in the market would be to _____. Everything else held constant, this would likely _____ the price of used cars.


A) increase the quantity supplied of used cars; lower
B) shift the supply of used cars to the right; raise
C) shift the supply of used cars to the left; raise
D) shift the supply of used cars to the right; lower

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