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Due to a recent relaxation in pollution standards, Ford Motors is withdrawing its electric-powered cars from sales in the U.S. market. Ford is responding to a change in which of the following macroenvironmental forces?
Preferences
The subjective tastes or desires of individuals or entities, which determine their choices among various options.
Inferior Good
A type of good for which demand decreases as the income of consumers increases, contrasting with normal goods.
Price Increase
A rise in the cost of goods or services.
Revealed Preference
A theory that determines consumer preferences based on observing their choices and behavior, assuming consistency in their decision-making.
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