Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 1 - Introduction: What Is Economics? - Exercises - 1.3 The Economic Way of Thinking - Page 14: 3.4

Answer

The federal subsidy for hybrid cars was responsible for roughly 1/5 of the hybrid cars purchased in 2007.

Work Step by Step

On page 9 of the book, it explains that the federal subsidy on hybrid cars of up to $3,400 per vehicle is responsible for about 1/5 of the hybrid vehicles purchased in 2007.
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