Which of the Following Is NOT True About Tata Nano

question 29

Multiple Choice

Which of the following is NOT true about Tata Nano?

• A) Its cost is three times India's annual per capita income.
• B) It targets the 7 million Indians who buy scooters and motorcycles every year.
• C) It has a negative stigma attached to it because it is considered a "cheap" car.
• D) It has received positive feedback for reminding people of the tuk-tuk.
• E) Some target customers were intimidated by Tata's showrooms.

---

Definitions:

Market Equilibrium

A situation where the quantity of goods supplied equals the quantity of goods demanded, leading to price stability.

Price Cheeseburger

The cost that a consumer pays to purchase a cheeseburger from a seller.

Excess Supply

A situation in a market where the quantity of a good or service supplied is greater than the quantity demanded at the current price.

Market Equilibrium

A market state where the supply of a product or service is equal to the demand for it, leading to a stable price.