Consumer purchases of hybrid cars have risen sharply in recent years.One important factor in this increased demand for these vehicles is
A)It's cool to be "green" and drive a hybrid
B)Decreasing prices of a complementary good
C)Change in expectations based upon the belief that energy prices will rise in the future
D)Reduced availability of a substitute
E)Government fuel mandates

Question

Quizplus · Accepted Answer

The most important factor that has led to an increased demand for hybrid cars in recent years is the change in expectations based upon the belief that energy prices will rise in the future. With the rising concerns about climate change and depleting fossil fuels, people are becoming more aware of the need to switch to cleaner and more sustainable modes of transportation. As a result, hybrid cars have become more popular as they offer better fuel efficiency and emit lower levels of pollutants compared to traditional gasoline-powered vehicles. In addition, rising prices of gasoline have also contributed to the increased demand for hybrid cars.

Consumer Purchases of Hybrid Cars Have Risen Sharply in Recent