AS Paper 1, June 2025Introduction to Markets and Market Failure
AS Paper 1, June 2025, Q5(a)
Which one of the following factors may cause a shift in demand for new cars?
Multiple choice1 mark
Context
In March 2019, 458 054 new car registrations were made, which subsequently fell by 44% in March 2020 due to the impact of the global health crisis. Demand for new vehicles can change quickly and can be caused by a variety of factors.
AAdvertising
BCost of production
CIndirect taxes
DSubsidy to producers