The price of cars in the United States and Mexico will change because More than one answer is…

The price of cars in the United States and Mexico will change because

More than one answer is correct

The supply of used cars is being reallocated from low valued use in Mexico to higher valued use in the United States.

The supply of used cars is being reallocated from low valued use in the United States to high valued use in Mexico.

There will be excess demand for used cars in the Mexico at the prevailing price of used cars in the Untied States before the relaxation of trade barriers.

There will be excess demand for used cars in the United States at the prevailing price of used cars in Mexico before the relaxation of trade barriers.

The supply and demand curves S1,D1, S2, and D6 depict the market before the relaxation of import/export barriers.

The supply and demand curves S1,D3, S2, and D4 depict the market before the relaxation of import/export barriers.

None of the above

The supply and demand curves S1,D1, S2, and D6 depict the market after the relaxation of import/export barriers.

The supply and demand curves S1,D3, S2, and D6 depict the market after the relaxation of import/export barriers.

S4 and D2 depict the used car market in the United States after the relaxation in import/export barriers.

 

 

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