If U.S. consumers increase their spending on hybrid cars by 60 percent, and 60 percent more hybrid cars are produced, this is known as the
A)majority rule.
B)proportional rule.
C)government rule.
D)profit rule.

Question

Quizplus · Accepted Answer

This situation is known as the proportional rule because the increase in demand (60 percent increase in spending) is proportional to the increase in supply (60 percent more hybrid cars produced). The other options (majority rule, government rule, profit rule) are not applicable in this scenario.

If US Consumers Increase Their Spending on Hybrid Cars by 60