Problem
What would be the effect of each of the following on the demand for Chevrolets in Canada? In each case, identify the responsible determinant of demand.
a. The price of Fords plummets.
b. Consumers believe that the price of Chevrolets will rise next year.
c. The incomes of Canadians rise.
d. The price of gasoline falls dramatically.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.