Which of the following is least likely to increase the demand for new tires? A)
ID: 1164776 • Letter: W
Question
Which of the following is least likely to increase the demand for new tires?
A) a decrease in the price of tires
B) a decrease in the price of cars
C) an increase in consumer income
D) an increase in the number of miles people drive per year
The answer is A, but I dont know why it is A. Please explain why the answer is A.
London Hotel Rates to Soar During Olympic Games By Oliver Smith, The Telegraph August 5, 2011 With one year to go until the start of the Games, hoteliers in the capital have begun taking advantage of an anticipated influx in visitors from home and abroad. Although the majority of London hotels have not yet released their rates for the period covering the Games-July 27-August 12-those which have are quoting prices well in Source: SXC.hu excess of what they would usually be at that time of year. A double room at the Sheraton Park Tower in Knightsbridge this month, for example costs £209 a night. The price quoted for a stay in August next year is E605. A night at the W London, in Leicester Square, costs around £290 this August. The same room during the Games will cost just under £540. Even bigger increases can be found at the Berjaya Hotel in Kensington, where room rates typically range from £89 to £199. For every day of the Olympics, the price is £999 a nightExplanation / Answer
The answer is A.
Explanation- tyre is such a commodity which is bought only if it is worn and torn as it is complementary to car. Also wear and tear of tyre depends upon how many kilometers the car has been driven. thus even if the price of tyres has decreased its purchase will not increase unless the old tyre has been used to its fullest and needs to be changed. also if the kilometer has increased then there is great chance that demand of tyres will increase.
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