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One HEADLINE Article in the Text,"Hurricane Sandy to Raise Prices

Question 8

Multiple Choice

One HEADLINE article in the text,"Hurricane Sandy to Raise Prices on Used Cars" describes the impact of thousands of cars being destroyed by the storm.What will happen to the equilibrium quantity of used cars if the supply decreases?


A) Increase.
B) Decrease.
C) Remain unchanged.
D) Either increase or decrease based on the slope of the supply curve.

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