If the Price of Automobiles Were to Decrease Substantially,the Demand

question 66

Multiple Choice

If the price of automobiles were to decrease substantially,the demand curve for automobiles would most likely

• A) shift rightward.
• B) shift leftward.
• C) remain unchanged.
• D) become steeper.

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Definitions:

Cold Beverages

Drinks that are served chilled and are refreshing, especially preferred in hot climates or seasons.

Personal Care Items

Products intended for personal hygiene and grooming, including items such as soap, shampoo, and toothpaste.

Direct Selling

A distribution method where products are sold directly to consumers, bypassing traditional retail locations.

Telemarketing

The direct marketing of goods or services to potential customers over the telephone or through subsequent face-to-face or Web conferencing appointments.