If the price of gasoline rose 50% during a period in which the general price level rose 100%, economic theory would predict Select one:
A) a decline in the quantity of gasoline demanded.
B) an increase in the quantity of gasoline demanded.
C) a decrease in the demand for gasoline.
D) an increase in the supply of gasoline.
E) less driving by motorists.
Ans: B) an increase in the quantity of gasoline demanded.
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