You are just about to finish college and are about to start a high paying job.Because of this new job,what is the most likely outcome in the market for cars?
A) Your demand for cars will decrease.
B) The market supply of cars will increase.
C) Your demand for cars will increase.
D) The market supply of cars will decrease.
E) The demand and the supply for cars will decrease.

Question

Quizplus · Accepted Answer

Your demand for cars is likely to increase because a higher income generally increases your purchasing power, making it more likely for you to afford and want to buy a car.

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