Which of the following raises the price of a used car and increases the equilibrium quantity sold?

Name: Which of the following raises the price of a used car and increases the equilibrium quantity sold?
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Question

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A new 8 per cent excise tax on all new car purchases makes new cars more expensive, which can increase demand for used cars as a more affordable alternative. This increased demand can raise the price of used cars and also increase the equilibrium quantity sold.

Which of the Following Raises the Price of a Used