Hire an expert

Got a question? Ask 300+ experts!

Biology Algebra Calculus English Grammar Literature Math Physics Psychology More Subjects →

Chemistry Economics Geography History Law Philosophy Politology Programming Uncategorized

QA › Economics › A factor that most directly affects the demand for automobiles is

A factor that most directly affects the demand for automobiles is

a. the individual tastes and preferences of buyers.

b. the cost of raw materials and natural resources.

c. the availability of workers in automobile factories.

d. a company's ability to respond to buyers' interest

a. The individual’s taste and preference of buyers.

Demand can be described as the economic principle that shows the consumer’s desire to buy goods and services by paying the amount that has been specified for the service. The concept of demand will help one to understand that the reason why anyone would want to pay the specified price for an automobile would be based on their taste and preference. Automobiles come in various designs and qualities. The choice an individual makes would always be based on what qualities they prefer in a vehicle. A client might value an automobile that is expensive but fragile, over a car that is cheap but durable.

Economics

2 years ago

41 Views

Math Calculus — AID—

Total time spent: 4 hours 15 minutes (it is equivalent to 255 minutes). Let the flight time from Paris to Glasgow be X. Then the flight time from Glasgow to Paris will be (X+10). We have an equation with one unknown variable: X + 45 + (X+10) = 255 ⇒ X = 100 So the […]

What were the typical crafts for Maya?

Mayans are well-known as great pottery makers. They did not use the pottery wheel. However,the tecnique they used was coiling consecutive rings of clay on top of each other and smoothing the surface by hand. Also, they were good when it came to working with stone – stone craving is another important craft of Maya. Many […]

What defines a free market?

The efficient working of a free market economy requires that the producer firms must have incentives to work hard and produce goods and services at the lowest possible cost per unit of output Market economies provide incentives to the firms and individuals by recognising and enforcing the property rights of the individuals and firms to […]

How does 3D printing work?

There are three different ways 3D printers work but they all rely on the printer converting a design into individual 2D slices which are then combined to make the final 3D object. The first method uses a pool of chemicals that turns solid when light, typically a UV laser, is shone on to it. The […]

Cigarette smoking causes emphysema.

Nearly everyone knows that smoking causes lung cancer, but did you know that smoking causes a number of other serious lung diseases? These include chronic bronchitis and emphysema, collectively known as chronic obstructive pulmonary disease (COPD). COPD is the fourth largest killer of Australians and smoking is the most important risk factor for COPD. When […]