$\text { Table } 27 \text { a }$

Multiple Choice

$\text { Table } 27 \text { a }$
$\begin{array}{ccc}\hline\text {Price}&\text { Quantity Demanded}&\text { Quantity Demanded}\\&\text { in January}& \text {in February}\\\hline \$ 35,000 & 35,000 & 40,000 \\\hline \$ 30,000 & 40,000 & 45,000 \\\hline \$ 25,000 & 45,000 & 50,000 \\\hline \$ 20,000 & 50,000 & 55,000 \\\hline \$ 15,000 & 55,000 & 60,000 \\\hline\end{array}$

-Assume Table 27a represents demand schedules for Ford Explorers. What might account for the difference between the January demand schedule and the February demand schedule?

A) There was a shift in consumer preferences in favor of small, fuel efficient cars because of rising gasoline prices.
B) There was a decrease in consumer income in February.
C) There was a significant increase in the price of other Sport Utility Vehicles on the market.
D) Toyota and Honda announced special decreases on all their Sport Utility Vehicles in February.