Other things equal, which of the following might shift the demand curve for gasoline to the left?
A. The development of a low-cost electric automobile
B. An increase in the price of train and air transportation
C. A large decline in the price of automobiles
D. The discovery of vast new tar sands oil reserves in Canada
Answer: A
You might also like to view...
It is efficient to produce an additional shirt if the
A) marginal social benefit of producing the shirt is greater than zero. B) marginal social benefit of producing the shirt is zero. C) marginal social benefit of producing the shirt is greater than the marginal social cost of producing it. D) total social benefit from producing shirts is maximized.
What effect does a stronger dollar have on aggregate supply? Why?
What will be an ideal response?
Measured in dollar terms, the two largest U.S. antipoverty programs are
a. cash transfers and medical care b. cash transfers and food assistance c. food and housing assistance d. medical care and food assistance e. medical care and housing assistance
Which of the following is an example of a renewable resource?
a. gold b. forests c. minerals d. coal e. land