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New cars are normal goods. What will happen to the equilibrium price of new cars if public transportation becomes more expensive and less comfortable and auto-workers receive hi…

New cars are normal goods. What will happen to the equilibrium price of new cars if public transportation becomes more expensive and less comfortable and auto-workers receive hi…
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New cars are normal goods. What will happen to the equilibrium price of new cars if public transportation becomes more expensive and less comfortable and auto-workers receive higher wages

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User Staff
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1 Answer

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The price will rise and effect on quantity is ambiguous
answered
User Steve Holgado
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