QUESTION IMAGE
Question
the law of supply and demand
quiz complete
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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 in automobile factories.
a companys ability to respond to buyers interest.
To determine the factor most directly affecting automobile demand, we analyze each option:
- "The individual tastes and preferences of buyers" directly influences what consumers want to purchase (demand).
- "The cost of raw materials and natural resources" affects supply (production costs), not demand.
- "The availability of workers in automobile factories" impacts supply (production capacity), not demand.
- "A company’s ability to respond to buyers’ interest" relates to supply-side responsiveness, not demand itself.
So the correct option is the one about buyers' tastes and preferences.
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the individual tastes and preferences of buyers.