A newspaper story recently reported that the price of new cars,a normal good,has decreased and the quantity of new cars sold has dropped.The new price and quantity could have been caused by a(n) :

A) decrease in buyers' incomes.
B) increase in buyers' incomes.
C) increase in production costs.
D) decrease in production costs.

New Cars

Recently manufactured vehicles that have not been previously owned.

Buyers' Incomes

Refers to the total earnings of consumers, which directly affect their purchasing power and demand for goods and services.

Production Costs

Expenses incurred in the creation of a product or service, including raw materials, labor, and overhead costs.