Which of the following will increase the demand for motorcycles?
a. A fall in the price of motorcycles.
b. A fall in insurance rates for motorcycles.
c. A fall in the price of automobiles.
d. A fall in buyers' incomes (assuming motorcycles are a normal good).
e. A fall in consumer preference for motorcycles.
b
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At any given time, about 95% of the population in the United States lacks health insurance.
A. True B. False C. Uncertain
If price increases from $45 to $55, the market quantity supplied increases from 20 units per week to 30 units per week. The price elasticity of supply is
a. 1/2 = 0.5 b. 1.0 c. 11/6 = 1.8333 d. 9/4 = 2.25 e. 2.0
All of the following are examples of human capital except:
A. physical strength. B. an eye for decorating and color. C. a PhD in chemistry. D. an automotive manual.
Poor and developing countries are ranked on the top of the list of globalized countries by the KOF Swiss Economic Institute
a. True b. False Indicate whether the statement is true or false