Solved

"As Domestic Car Prices Have Increased,consumers Have Found Foreign Cars

Question 24

Multiple Choice

"As domestic car prices have increased,consumers have found foreign cars to be a better bargain.Consequently,domestic car sales have fallen and foreign car sales have risen." Based on this information alone,there has been a


A) shift in the demand curves for both domestic and foreign cars.
B) shift in the supply curves for both domestic and foreign cars.
C) movement along the demand curves for both domestic and foreign cars.
D) movement along the demand curve for domestic cars and a shift of the demand curve for foreign cars.
E) shift of the demand curve for domestic cars and a movement along the demand curve for foreign cars.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions