Which of the Following Is Least Likely to Increase the Demand

question 500

Multiple Choice

Which of the following is least likely to increase the demand for new tires?

• A) a decrease in the price of tires
• B) a decrease in the price of cars
• C) an increase in consumer income
• D) an increase in the number of miles people drive per year

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Definitions:

Interval Scale

A type of measurement scale that includes ordered categories with equal intervals between values but lacks a true zero point.

Normal Distribution

The normal distribution is a bell-shaped curve describing the spread of a characteristic throughout a population, where most occurrences take place near the mean value, decreasing symmetrically in both directions.

Skewed

A distribution that is not symmetrical, with a majority of data points lying on one side of the mean.