Answered

If people began to believe that SUVs were causing global warming, then the demand for the Toyota Rav4 SUV would

A. decrease (shift left).
B. increase (shift right).
C. remain unchanged.

If widespread unemployment leads to a drop in incomes, then the demand for the Toyota Rav4 SUV would

A. remain unchanged.
B. increase (shift right).
C. decrease (shift left).



Answer :

GinnyAnswer

Final answer:

In economics, changes in consumer beliefs and income levels can influence the demand for specific products like SUVs such as the Toyota Rav4.


Explanation:

The demand for the Toyota Rav4 SUV would decrease (shift left) if people began to believe that SUVs were causing global warming. This shift would occur due to a change in consumer preferences and attitudes towards environmental concerns affecting the demand for SUVs.

If widespread unemployment leads to a drop in incomes, the demand for the Toyota Rav4 SUV would also decrease (shift left). Reduced incomes would result in lower quantity of cars demanded at every price, leading to a leftward shift in the demand curve.


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