Multiple Choice
Ceteris paribus,which of the following would generally cause an increase in the demand curve for new automobiles?
A) A decrease in the price of new automobiles.
B) An increase in consumers' income.
C) The new models being perceived as ugly compared with old models.
D) Consumer expectations that the price of new automobiles will be lower next year.
Correct Answer:
Verified
Correct Answer:
Verified
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