Why does a sports car cost more than a mountain bike?
A)because sports car manufacturers are greedier than mountain bike manufacturers
B)because sports cars are priced higher in order to make them attractive as status symbols
C)because more scarce resources are required to produce a sports car than to produce a mountain bike
D)because mountain bike manufacturers know that their customers have relatively low incomes

Question

Quizplus · Accepted Answer

A sports car requires more advanced technology, expensive materials and parts, larger engines, and advanced features, making it a more expensive product to manufacture compared to a mountain bike, which requires simpler technology, cheaper materials, and fewer parts. Therefore, the cost of producing a sports car is much higher than that of a mountain bike.

Why Does a Sports Car Cost More Than a Mountain