Section: Principles of Microeconomics

Question 29 of 30

29) The demand curve for cars is downward sloping because an increase in the price of cars leads to

a rise in the prices of gasoline and other oil based products.
a change in consumers' taste in cars.
the increase use of other modes of transportation.
a decrease in the number of cars available for purchase.
a fall in the expected future price of cars

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