Asked by
Jaeden Casanova
on Nov 03, 2024
Verified
Assume that the price of gasoline triples.What will likely happen to the demand for fuel-efficient small cars? The demand curve will shift to the _____ and demand will _____.
A) right; decrease
B) left; increase
C) right; increase
D) left; decrease
Fuel-Efficient
describes vehicles or machinery that use less fuel to achieve a certain distance or task, thereby reducing fuel consumption and emissions.
- Comprehend the consequences of income changes and price variations of related commodities on the demand curve.
Verified Answer
VM
Learning Objectives
- Comprehend the consequences of income changes and price variations of related commodities on the demand curve.