Since 1950 the price of modest sedans has gone from 2000 to


Since 1950, the price of modest sedans has gone from $2,000 to over $13,000, for, say, a Ford Focus or Chevrolet Cavalier. Yet the number of cars purchased by Americans has substantially increased. What accounts from this? By the way, are there additional quality issues that should be considered? Are today's cars the same as cars of the 1950s?

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International Economics: Since 1950 the price of modest sedans has gone from 2000 to
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