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Question: What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?
a. Small automobiles become more fashionable: (Click to select) Increase Decrease No change Cannot be determined.
b. The price of large automobiles rises (with the price of small autos remaining the same): (Click to select) No change Increase Decrease Cannot be determined.
c. Income declines and small autos are an inferior good: (Click to select) No change Increase Decrease Cannot be determined.
d. Consumers anticipate that the price of small autos will greatly come down in the near future: (Click to select) Increase Decrease No change Cannot be determined.
e. The price of gasoline substantially drops: (Click to select)No change Decrease Increase Cannot be determined.
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