A significant increase in the price of gasoline that leads to a decrease in the purchases of new automobiles is an example of the impact of which environmental force?

Question

Quizplus · Accepted Answer

This is an example of economic factors, specifically the impact of rising gasoline prices on consumer behavior and purchase decisions. Political and legal factors refer to government regulations and policies, while technological factors relate to advances in technology affecting the industry. Option D is incorrect as it includes all three factors when only economic factors are relevant in this scenario, and option E is incorrect as it includes technological factors which are not relevant in this example.

A Significant Increase in the Price of Gasoline That Leads