--%>

Problem on decline of demand

The automakers slashed prices and gave ‘zero percent financing’ throughout the year 2001-2003 recession. An expected outcome was: (1) The decline in the demand for utilized cars. (2) enhanced maintenance of older cars by their owners. (3) Buyers purchasing less luxury option packages. (4) Raised rated of the highway fatalities.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Market power and market inefficiency

    This is socially undesirable for a monopolist to produce where the price exceeds to marginal social cost [P > MSC] since: (w) resources are allocated inefficiently since too small is produced. (x) too many resources are used and production is exces

  • Q : Problems regarding Attributes of Goods

    I have a problem in economics on Problems regarding Attributes of Goods. Please help me in the following question. The intrinsic characteristics which make or detract from the satisfaction derived from consuming a good are termed as: (1) Attributes. (2) Factors. (3) U

  • Q : Annual economic profit of production

    When point e corresponds to $18 per copy for St. Valentine’s Day software, so Prohibition Corporation can produce annual economic profit of at most just about: (i) $100 million. (ii) $140 million. (iii) $200 million. (iv) $300 million. (v) $400

  • Q : Reason why giant corporations dominate

    John Kenneth Galbraith refuses theories which suppose profit maximization in competitive markets. According to him, the big corporations dominate the economic activity as: (1) Corporate managers look for maximum gains for stockholders. (2) Government policies are mani

  • Q : Curing scarcities of good Curing

    Curing scarcities in the market for ice cream needs: (i) Rises in the price of ice cream. (ii) Reduces in the supply of ice cream. (iii) Rises in the demand for ice cream. (iv) Reduction in the price of ice cream. (v) Burden of a price floor.

  • Q : Bilateral Monopoly-Collective Bargaining

    Can someone help me in finding out the right answer from the given options. The potential range of negotiable price or wage solutions whenever both the seller and buyer contain substantial economic clout is recognized in the: (1) Bargaining model devised by the John H

  • Q : Labor History-Yellow Dog Contracts The

    The Yellow dog contracts are now outlawed, however in the early 20th century such agreements among employers: (1) Not to purchase intermediate goods generated by unionized labor hindered labor market re-forms. (2) And workers specifying that the workers would not conn

  • Q : Determine income in Loren curve When

    When one family held ALL the income it would be shown upon the Lorenz curve as: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

    Q : Normal accounting profit The only

    The only profit earned within the long run through a purely competitive firm is of: (w) normal accounting profit. (x) offset by short term losses. (y) created by exceptionally astute managers. (z) unrelated to its opportunity costs.

    Q : Saving in Negatively Investment Saving

    Saving is positively related to and investment is negatively related to: (1) marginal benefits and marginal costs. (2) real interest rates.  (3) returns onto alternatives. (4) expectations. (5) government surpluses and deficits.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1432873 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1940040
    Asked

    3,689

    Active Tutors

    1432873

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.