When Incomes Are Rising, New SUV Sales Increase While Used

question 159

Multiple Choice

When incomes are rising, new SUV sales increase while used SUV sales decrease. This indicates that

• A)used SUVs and new SUVs are both normal goods.
• B)used SUVs are inferior goods and new SUVs are normal goods.
• C)used SUVs and new SUVs are complements.
• D)used SUVs and new SUVs are substitutes.
• E)used SUVs are normal goods and new SUVs are inferior goods.

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Definitions:

Repression

To force painful ideas or impulses into the subconscious.

Intellectualization

To employ reasoning to avoid confrontations or stressful situations.

Physical Boundaries

The demarcation of personal space and physical limits respected between individuals to ensure privacy and comfort.

Emotional Boundaries

Guidelines that individuals set for themselves to limit who can access their emotions and thoughts, and how they can be treated by others.