1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rus_ich [418]
3 years ago
8

A factor that most directly affects the demand for automobiles is

History
2 answers:
stepladder [879]3 years ago
7 0

The correct answer is individual preferences and tastes of buyers.

When there is increase in demand also the demand curve shifts. If there is a change in factor apart from price then the whole of demand curve shifts.

The income of consumers determines the demand of the commodity. Also prices which are related to goods and also preferences and tastes of the customer.

Demand for automobiles can be elastic where there can be  delay in buying a new vehicle.

Due to many substitutes the model for automobile can be highly elastic.

prohojiy [21]3 years ago
7 0

<em><u>The factor that most directly affects the demand for automobiles is the individual tastes and preferences of buyers. </u></em>

Further Explanations:

Demand is referred to as the economic principle showing the consumer’s desire to purchase goods and avail the services by paying the specified amount for that service. It is an obvious fact that the increase in demand occurs when there is a decrease in the price of the goods. Other factors are not considered much but the price is inversely proportional to the demand. Demand varies according to the prominent factors affecting the consumption and these variations are often handled by numerous Stocking strategies. In case when a customer tries to pay a minimal amount for the service at that time the supplier tries to maximize his profit by every means.  

In the case of automobiles, the factors that are directly affecting its demand are customers' tastes and preferences. A customer usually buys an automobile as per his requirement and price even though he finalizes his choice after satisfying that his requirement is fulfilled by his choice. We can also conclude that the sale also depends on the ability of the manufacturer to meet the demand of the buyer.

Learn more  

1. in a parliamentary system of representative democracy, the prime minister is appointed by the monarch. is elected by representatives chosen by the people. is the leader of the party that won the most seats in parliament. is elected directly by the people?<u>brainly.com/question/477236 </u>

2. how did the battle of Okinawa affect president Truman's decision to use the atomic bomb against Japan?

<u>brainly.com/question/1323522</u>

3. how did California differ from the united states in terms of interactions of whites and natives?

<u>brainly.com/question/7248802 </u>

 

Answer Details

Grade: High school

Subject: History

Chapter: Demand

Keywords: Demand, economic principle, consumers, specified amount, price, goods, inversely proportional, demand, prominent, Stocking strategies, automobiles, manufacturer.

You might be interested in
The “Age of Knights” ended with the development of a weapon that was first used at the Battles of Crecy, Poitiers, and Agincourt
antoniya [11.8K]

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The “Age of Knights” ended with the development of a weapon that was first used at the Battles of Crecy, Poitiers, and Agincourt. This military innovation was the longbow.

This weapon was a long curved arc in the form of a "D." It was used by the knights in battles such as Crecy, Poitiers, and Agincourt. Other weapons were used in those armed confrontations as was the case of poleaxes, lances, and different kinds of swords.

We are talking about the turbulent years of the Hundred Years War that started in 1337 and ended in 1453. The War was confronted by Great Britain vs. France. The British won the war.

7 0
3 years ago
Please help me with this question ​
Viefleur [7K]

Answer:

food

Explanation:

food is the answer to your question

3 0
3 years ago
Read 2 more answers
What does Thomas Jefferson mean when he says "The tree of liberty must be refreshed from time to time with the blood of patriots
snow_tiger [21]
He means "Freedom isnt Free"
7 0
3 years ago
Read 2 more answers
Select the correct answer.
Vedmedyk [2.9K]
The correct answer is D
3 0
3 years ago
What conditions were part of the cycle of increased militarization? Select two options.
Vsevolod [243]

Answer:

b

Explanation:

edge2020

4 0
3 years ago
Other questions:
  • The Articles of Confederation reflected the principle of "limited government" because it gave more power to the federal governme
    5·1 answer
  • During the late Middle Ages, trade on the Mediterranean Sea was controlled by
    7·2 answers
  • According to Conservatives, the role of government in American life should be
    6·2 answers
  • Why did some military officers object to the use of poisonous gas as a weapon?
    12·1 answer
  • A major problem with the 1876 Texas Constitution was that it ______________.
    11·2 answers
  • One major reason for us involvement in latin America in the 1980s was
    13·2 answers
  • In the United States, __________ can be traced to the late 1800s, when upper-income gated developments in New York's Tuxedo Park
    10·1 answer
  • How did the US acquire land
    12·1 answer
  • When was the first phone created
    7·1 answer
  • What is the Missouri compromise
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!