All of the Following,except One,would Increase the Demand for a Particular

question 151

Multiple Choice

All of the following,except one,would increase the demand for a particular model of a Ford automobile.Assume that this model is a normal good.Which is the exception?

• A) an increase in buyers' incomes
• B) increased prices of other Ford models
• C) an expected future increase in the price
• D) an increase in the U.S.population
• E) a decrease in the price of steel

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Definitions:

Natural Groups

Groups that exist organically or naturally in a research study, not formed by the experimenter; often used in observational studies.

Existing

The state or fact of being present or having an actual being; to have life or reality.

Many Independent Variables

Refers to experimental designs that include multiple factors being manipulated to observe their effect on a dependent variable.

Equal Numbers

A condition or state where two or more quantities or entities are of the same value or amount.