Weather forecasters predict that a major winter storm will strike your town within the next few days. Which would occur today based upon the expected storm?
A) a decrease in peoples' willingness to pay for bottled water
B) a decrease in demand for batteries
C) an increase in people's willingness to pay for electric generators
D) a shift to the left of the demand curve for snow tires

Question

Quizplus · Accepted Answer

With the anticipated winter storm, people are more likely to have a greater need for electric generators in case of power outages. This would lead to an increase in people's demand for electric generators, and therefore an increase in their willingness to pay for them. The other options are not directly related to the expected storm and would not be affected by it to a significant extent.

Weather Forecasters Predict That a Major Winter Storm Will Strike