Bill has plenty of money to buy a new car although he is, Ask an Expert

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Bill has plenty of money to buy a new car, although he is reluctant to do so because he also wants to pay cash for his vacation this year. What element of a market economy prevents Bill from buying a new car in this scenario?

a) Equilibrium price

b) Ceteris paribus

c) Initial demand

d) Demand, because he is not also willing to purchase the car

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M938406

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