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What Effect Will Each of the Following Have on the Demand

Question 129

Essay

What effect will each of the following have on the demand for hybrid automobiles?
a)The price of gasoline goes up.
b)The price of large automobiles rises.
c)Hybrid autos become more fashionable.
d)Consumers anticipate that the price of hybrids will come down in the future.
e)Consumers incomes decline and hybrids are less expensive to buy and maintain.
f)A news report claims that hybrid are unsafe.

Correct Answer:

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a)Other goods;the desire for more fuel e...

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