ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Change in cost of production
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Changes in number of producers
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Changes in expectations
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None of the above
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Detailed explanation-1: -Production at American factories saw a surprise drop at the end of 2021, helped along by a decline in motor vehicle manufacturing, which was itself caused by the continuing semiconductor shortage.
Detailed explanation-2: -The automobile gave people more personal freedom and access to jobs and services. It led to development of better roads and transportation. Industries and new jobs developed to supply the demand for automobile parts and fuel. These included petroleum and gasoline, rubber, and then plastics.
Detailed explanation-3: -The growth of the automobile industry caused an economic revolution across the United States. Dozens of spin-off industries blossomed. Of course the demand for vulcanized rubber skyrocketed. Road construction created thousands of new jobs, as state and local governments began funding highway design.
Detailed explanation-4: -a. Interest Rates. Lower interest rates ensure easy automobile financing; thus, providing higher sales. b. Disposable Income. c. Inflation. d. Gross Domestic Product. e. Exchange Rates. f. Unemployment Rate. g. Changing Consumer Trends. h. Demographic Shifts. More items •15-Feb-2021