After graduation many students' demand for used cars decreases.This could be because used cars are considered a normal good to college graduates.

Question

Quizplus · Accepted Answer

A normal good is a good whose demand increases as income increases. As college graduates enter the workforce and start earning more money, they may prefer to purchase new cars rather than used ones, leading to a decrease in demand for used cars.

After Graduation Many Students' Demand for Used Cars Decreases