The Current Demand for Automobiles Would Decrease If

question 382

Multiple Choice

The current demand for automobiles would decrease if

• A) the price of gasoline fell.
• B) consumer income rose.
• C) consumers suddenly believed the price of automobiles would be sharply lower in the near future.
• D) consumers suddenly believed the price of automobiles would be sharply higher in the near future.

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Definitions:

Great Compromise

An agreement reached during the Constitutional Convention of 1787 that led to the establishment of a two-chambered Congress to balance representation between large and small states.

Equal Number

A condition of having the same quantity or measure as another.

Senators

Elected officials who serve as members of the Senate, the upper chamber of the legislature in many countries, including the United States, responsible for making laws.

House of Representatives

The lower chamber of the United States Congress, consisting of members who are elected based on population from each state to serve two-year terms.