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When Incomes Are Rising, New SUV Sales Increase While Used

Question 159

Multiple Choice

When incomes are rising, new SUV sales increase while used SUV sales decrease. This indicates that


A) used SUVs and new SUVs are both normal goods.
B) used SUVs are inferior goods and new SUVs are normal goods.
C) used SUVs and new SUVs are complements.
D) used SUVs and new SUVs are substitutes.
E) used SUVs are normal goods and new SUVs are inferior goods.

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