As shown in the text, in the market for the Mazda Miata,
A) consumers acted irrationally.
B) producers dictated market tastes through advertising.
C) Mazda misread the market for the Miata.
D) the government intervened in the automobile market.
E) changing demand caused the shortage in Los Angeles.

Question

Quizplus · Accepted Answer

The text suggests that Mazda misread the market for the Miata, as they initially underestimated the demand for the car and did not produce enough to meet it. There is no clear indication that consumers acted irrationally or that producers dictated market tastes through advertising. There is also no mention of government intervention in the automobile market, and the shortage in Los Angeles is attributed to changing demand rather than any specific factor in the market for the Mazda Miata.

As Shown in the Text, in the Market for the Mazda