it is estimated that a 3 percent drop in the price of asian and european cars will decrease the demand for american cars by 0.84 percent. from this information one can conclude that:



Answer :

One can infer from the information provided that European and Asian vehicles can take the place of American vehicles.

What is a vehicle?

A piece of machinery used to transport people or commodities is called a vehicle. Vehicles include carts, bicycles, railed vehicles (trains, trams), watercraft (ships, boats, underwater vehicles), amphibious vehicles (screw-propelled vehicles, hovercraft), aircraft (airplanes, helicopters, aerostats), motor vehicles (motorcycles, cars, trucks, buses, mobility scooters for disabled people), and spacecraft.

Land vehicles can be generically categorized as wheeled, tracked, railed, or skis depending on how they apply steering and propulsion forces to the ground. The international standard for road vehicle kinds, terminology, and definitions is ISO 3833-1977. Locomotion consists of a way to move with little resistance, a way to generate the necessary kinetic energy, and a way to regulate the motion, like a brake or steering system.

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