Increased concern for the environment has caused consumer preferences to shift from large SUVs and trucks shifted to smaller, more environmentally-friendly vehicles

Marketing Jan 11, 2021

Increased concern for the environment has caused consumer preferences to shift from large SUVs and trucks shifted to smaller, more environmentally-friendly vehicles. How has this affected the market for SUVs in the United States?

A. It has increased the supply of SUVs.

B. It has decreased the demand for SUVs.

C. It has increased the demand for SUVs but has not affected the supply.

D. It has decreased the supply of SUVs but has not affected the demand.

Expert Solution

B. It has decreased the demand for SUVs.

Explanation:

Here, consumer preferences change that shift the interest from SUVs and trucks as these are not the environment-friendly automobiles to the environment-friendly vehicles. Therefore, demand for SUVs will decrease in the market.

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