A Change in Which of the Following Alters Buying Plans

question 169

Multiple Choice

A change in which of the following alters buying plans for cars but does NOT shift the demand curve for cars?

• A) A 5 percent increase in people's income.
• B) A 10 percent decrease in the price of car insurance.
• C) A 20 percent increase in the price of a car.
• D) An increased preference for walking rather than driving.

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Definitions:

Opportunities

Circumstances that present prospects for advancement, growth, or beneficial action in personal, professional, or organizational contexts.

Job Scope

The range of responsibilities, duties, and tasks that a particular job entails, defining the breadth and depth of a position.

Low Job Scope

Refers to jobs that have limited duties and responsibilities, offering little variety and minimal opportunity for the use of one's skills and abilities.

High Job Scope

A term referring to the breadth and depth of a job's responsibilities and duties, allowing for autonomy and variety in tasks.