Question

Which factor best accounts for the price change in the Model T automobile?
Year/Price
1908/$825
1927/$290
mass production
low demand
wartime inflation
organized labor

Answer 1

The factor that best accounts for the price change in the Model T automobile is mass production. With the introduction of the assembly line by Henry Ford, the manufacturing process became much more efficient and cost-effective, allowing for the production of more cars at a lower cost. This ultimately led to a significant decrease in the price of the Model T over time.