contestada

What effect will each of the following have on the demand for small cars such as the Mini Cooper and Fiat 500?

a. Small cars become more fashionable
b. The price of large cars rises (with the price of small cars remaining the same
c. Income declines and small cars are an inferior good
d. Consumers anticipate that the price of small cars will decrease substantially in the near future.
e. The price of gasoline substantially drops.

Respuesta :

The effects of the following transactions on demand are:

  • When small cars are treated as the more fashionable so the demand should be increased.
  • When the price of large care rises so the demand should be increased.
  • When income falls and the small cars should be inferior goods so the demand should be increased.
  • The price of the small cars should be reduced so here the demand should be decreased.
  • The gasoline price should fall so the demand can't be determined.

In this way, the effects should be done.

Learn more about the demand here: brainly.com/question/2733525

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