Practice Quiz

CLEP Economics Exam Prep

Category - Economics

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Auto dealers begin to offer new cars for sale with no down payment required and an interest rate of 0 percent. Which of the following is most likely to occur?
  1. Sales of new cars will decrease.
  2. More consumers will buy new cars.
  3. More people will use public transportation.
  4. Prices of used cars will increase.
Explanation
Answer: B - More consumers will buy new cars.
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