Multiple Choice
A change in which of the following alters buying plans for cars but does NOT shift the demand curve for cars?
A) A 20 percent increase in the price of a car.
B) An increased preference for walking rather than driving.
C) A 5 percent increase in peopleʹs income.
D) A 10 percent decrease in the price of car insurance.
Correct Answer:
Verified
Correct Answer:
Verified
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