Section: Principles of Microeconomics

29) The demand curve for cars is downward sloping because an increase in the price of cars leads to

1. a rise in the prices of gasoline and other oil based products.
2. a change in consumers' taste in cars.
3. the increase use of other modes of transportation.
4. a decrease in the number of cars available for purchase.
5. a fall in the expected future price of cars