Ceteris Paribus,which of the Following Would Generally Cause an Increase

question 101

Multiple Choice

Ceteris paribus,which of the following would generally cause an increase in the demand curve for new automobiles?

• A)A decrease in the price of new automobiles.
• B)An increase in consumers' income.
• C)The new models being perceived as ugly compared with old models.
• D)Consumer expectations that the price of new automobiles will be lower next year.

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Definitions:

Y

In Cartesian coordinates, the vertical axis or the value that represents vertical position.

Expression

A combination of symbols and operators in mathematics that represents a specific value.

Simplify

The act of minimizing complexity in a mathematical expression by executing permitted operations.

Expression

A combination of numbers, symbols, and operations used to represent a value, without an equivalence relation.