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Other Fields Homework Help Economics Topic started by: Tidy on Jun 20, 2015



Title: When Toyota introduced its 2010 Prius, it announced that the average retail price of the 2010 model
Post by: Tidy on Jun 20, 2015
When Toyota introduced its 2010 Prius, it announced that the average retail price of the 2010 model would be lower than the average retail price was for the equivalent 2009 model. Which of the following would explain the price differential?
A) The demand for the Prius had increased, and the supply of the Prius remained unchanged.
B) The supply of the Prius had decreased, and the demand for the Prius remained unchanged.
C) The demand for the Prius had decreased, and the supply of the Prius had increased.
D) The demand for the Prius had increased, and the supply of the Prius had decreased.


Title: Re: When Toyota introduced its 2010 Prius, it announced that the average retail price of the 2010 mo
Post by: Sydnie on Aug 10, 2015
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Title: Re: When Toyota introduced its 2010 Prius, it announced that the average retail price of the 2010 model
Post by: Sydnie on Aug 31, 2015
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome :)