Figure 3-1 -If the Price of Automobiles Was to Increase, Then

question 117

Multiple Choice

Figure 3-1
-If the price of automobiles was to increase, then

• A) the demand for gasoline would decrease.
• B) the demand for gasoline would increase.
• C) the supply of gasoline would increase.
• D) the quantity demanded of gasoline would decrease.

---

Definitions:

Multi-Attribute Attitude Models

Psychological models used to predict consumer attitudes and behaviors by analyzing specific beliefs related to several attributes of a product or service.

Fishbein Model

A model in psychology that predicts behaviors based on the strength and evaluation of beliefs about the behavior's outcome, integrating attitudes and norms.

Salient Beliefs

Prominent or most noticeable beliefs held by an individual which strongly influence attitudes and behavior.

Importance Weights

Values assigned to variables or criteria to reflect their relative significance or contribution in a decision-making process, analysis, or model.