Used-car prices are increasing in the United States due to recession cutbacks that decreased production of U.S. made cars, and aggravated by expectations of a shortage of Japanese made cars and auto parts this year. Examine these events and write a short paper discussing the following: -What might be the effect of the prices of used cars on the demand for new cars?. -What is the effect of the high price of gasoline on the demand for new cars?. -What factors are causing the decrease in the supply of used cars?. -What factors are causing the increase in demand for used cars?. Compose your paper in 1–2 pages, double spaced, with 1-inch margins. Include at least one resource in addition to the textbook. Be sure to cite appropriately and include a reference page for all resources used.
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