In the Article on SUV Sales

question 61

Multiple Choice

In the article on SUV sales

• A)SUV sales are very responsive to gasoline,which is a substitute good to SUVs.
• B)SUV sales did not respond all that much to a rise in gasoline prices,indicating that demand is inelastic for SUVs.
• C)Gasoline and SUVs are complementary goods,and when the price of gasoline rose,the demand for SUVs fell.

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Definitions:

Link Method

A memory-aid technique that involves forming a mental association between items in a list to improve recall.

Method of Loci

A mnemonic device that involves imagining placing items to be remembered in specific physical locations or a familiar pathway, enhancing recall.

Acrostics

A form of writing in which the first letter, syllable, or word of each line spells out a word or message.

Materialism

A philosophical viewpoint or personal attitude that places material possessions and physical comfort over spiritual values.