Asked by shadyra basurto on Jun 18, 2024
Verified
Who is more likely to drive carelessly, Camila in her 1980 Ford with bad brakes or Samantha, who has a 2005 BMW with all the most recent safety options?
Drive Carelessly
The act of operating a vehicle without regards to safety, rules, or conditions, often leading to accidents or hazards.
Safety Options
Features or measures implemented to enhance the security and reduce the risk of harm in various contexts, such as in products, workplaces, or public spaces.
- Ascertain the influence of shifts in income levels and pricing on consumer decision-making and demand dynamics in the marketplace.
Verified Answer
KJ
Kevin JoudiJun 23, 2024
Final Answer :
On the surface, we might conclude that Samantha will be more careful since she appears to have more to lose (a higher priced car), but insurance likely will cover any monetary loss. Most people value their life and health more than material possessions; because of this, we expect Camila to be more careful due to her unsafe car. Samantha can afford to take more risks since her car is in better condition and has the latest safety features.
Learning Objectives
- Ascertain the influence of shifts in income levels and pricing on consumer decision-making and demand dynamics in the marketplace.