Reuters News Service reports: "Canadian automobile sales tumbled 15 percent in March (2009) ." Which of the following would explain this sales drop?
A) The government has begun to subsidize automobile manufacturers.
B) Higher automobile prices have reduced demand.
C) The recession has reduced incomes and the demand for automobiles has contracted.
D) Producers have reacted to union concessions by increasing supply.
Correct Answer:
Verified
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