Question

8 will save this response Increase in the price of the car. of the following, what will cause an increase in demand of cars? Increase in the income of the consumer. Increase in the cost of production. The technology of automobile production L A Moving to another question will save this response.

Answer 1

Answer: Increase in the income of consumers

The ability to buy proposes a craving, in view of what financial experts call tastes and inclinations. In case that you neither need nor need something, you won't get it. The capacity to buy suggests that income is significant. The economy extends such that raises the wages of numerous individuals, making vehicles increasingly reasonable and that individuals mostly consider vehicles to be an alluring thing to possess. This will cause the demand curve to move. Higher salary and income cause more noteworthy interest at each cost. This is valid for most products and enterprises. For a few—extravagance vehicles-the impact of an ascent in salary can be particularly articulated. As earnings rise, numerous individuals will purchase new vehicles.