QUESTION IMAGE
Question
a factor that most directly affects the demand for automobiles is
the individual tastes and preferences of buyers
the cost of raw materials and natural resources,
the availability of workers to automobile factories
a companys ability to respond to buyers interest.
Brief Explanations
To determine the factor affecting automobile demand, we analyze each option:
- Option 1: Individual tastes/preferences directly influence what consumers want to buy, including automobiles.
- Option 2: Cost of raw materials affects supply (production costs), not demand directly.
- Option 3: Worker availability affects supply (production capacity), not demand.
- Option 4: A company’s response ability relates to supply-side actions, not demand.
So, tastes/preferences most directly affect demand.
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the individual tastes and preferences of buyers