[Answer] the supply curve for high quality used cars lies ____ the supply curve for low quality used cars because the minimum price is _____ for high quality used cars

Answer: above; higher

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the supply curve for high quality used cars lies ____ the supply curve for low quality used cars because the minimum price is _____ for high quality used cars the supply curve for high quality used cars lies ____ the supply curve for low quality used cars because the minimum price is _____ for high quality used cars . above; higher. a money back guarantee will be provided by the owners of ___ but not by the owners of ____ ... a supply curve for high - quality cars lies ___ the supply curve for low - quality cars because the minimum price is ____ for high - quality used cars . ABOVE; ABOVE. Money back guarantee. provided for owners of plums not lemons. For low - quality cars ? c. One million hours of labor are available for making cars in the North and another 1 million hours of labor are available for making cars in the South. In a no-trade world let's assume that two-thirds of the auto industry labor in each region is used to make high - quality cars and one-third is used to make low - quality cars . 3.4 Price Ceilings and Price Floors – Principles of Economics Law of Supply and Demand Definition and Explanation Law Of Supply And Demand Definition - Investopedia Law of Supply and Demand Definition and Explanation You are responsible for purchasing 25 used cars for your company. Star Brand cars costs $7 500 and Diamond Brand cars cost $6 000. Based on experience you believe that 20% of Star Brand cars are lemons ( low quality ) while 40% of Diamond Brand cars are lemons ( low quality ). You are willing to pay $5 000 for a known lemon and $12 000 for a known ... - above the supply curve and below the actual pr...

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