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A Change in Which of the Following Alters Buying Plans

Question 116

Multiple Choice

A change in which of the following alters buying plans for cars but does NOT shift the demand curve for cars?


A) a 5 percent increase in people's income
B) a 10 percent decrease in the price of car insurance
C) a 20 percent increase in the price of a car
D) an increased preference for walking rather than driving

Correct Answer:

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