Which of the Following Will Increase the Demand for Motorcycles

question 50

Multiple Choice

Which of the following will increase the demand for motorcycles?

• A) A fall in the price of motorcycles.
• B) A fall in insurance rates for motorcycles.
• C) A fall in the price of automobiles.
• D) A fall in buyers' incomes (assuming motorcycles are a normal good).

---

Definitions:

Higher Education

An advanced level of study after high school, including universities, colleges, and other institutions that award academic degrees or professional certifications.

Business Model

A business model outlines how a company creates, delivers, and captures value, essentially explaining how it operates and makes money.

Tata Motors

An Indian multinational automotive manufacturing company, part of the Tata Group, known for producing cars, utility vehicles, buses, trucks, and defense vehicles.

IPO

Stands for Initial Public Offering, which is the process by which a private company can go public by sale of its stocks to the general public.