A Change in Which of the Following Alters Buying Plans

question 254

Multiple Choice

A change in which of the following alters buying plans for cars but does NOT shift the demand curve for cars?

• A) A 20 percent increase in the price of a car.
• B) An increased preference for walking rather than driving.
• C) A 5 percent increase in peopleʹs income.
• D) A 10 percent decrease in the price of car insurance.

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Definitions:

Masculine Culture

A societal or organizational culture that values assertiveness, competition, material success, and achievements, as opposed to more nurturing and relationship-oriented traits.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a disregard for other cultures.

Monochronic

A cultural attitude towards time that emphasizes doing one thing at a time, punctuality, and a linear sense of how time flows.

Edward Hall

An American anthropologist known for his work in the field of intercultural communication, including the concepts of high-context and low-context cultures.