The above figures show the market for gasoline. Which figure shows the effect of a nation-wide strike by municipal bus drivers, which causes more people to drive their cars to work?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
A
You might also like to view...
Explain why equalizing the marginal utility per dollar for all goods maximizes utility
What will be an ideal response?
The key assumption of the Romer model that allows an explanation of sustained growth in output per person is ________
A) technology is nonrivalrous B) the total amount of labor is fixed C) some labor is devoted to producing new technology D) the saving rate is fixed
Which of the following is an earmarked tax?
a. personal income tax b. property tax c. Social Security tax d. excise tax e. custom duty
If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 to purchase those identical goods in 2015, then the base year is
A. 2014. B. 2013. C. 2015. D. none of these.