A government sought to raise car sales by offering consumers $3000 if they scrapped any car more than 10 years old and bought a new one. How would this be represented on a demand and supply diagram for new cars?
- AThe demand curve would move to the left.
- BThe demand curve would move to the right.
- CThere would be a shift along the demand curve to the left.
- DThere would be a shift along the demand curve to the right.