Asked by
Kolbe McQuaid
on Oct 09, 2024
Verified
Other things equal,which of the following might shift the demand curve for gasoline to the left?
A) The discovery of vast new oil reserves in Montana.
B) The development of a low-cost electric automobile.
C) An increase in the price of train and air transportation.
D) A large decline in the price of automobiles.
Electric Automobile
A vehicle that is powered entirely or partially by electricity, offering an alternative to traditional fossil fuel-powered cars.
- Acknowledge the role of advertising and public perception in influencing the demand for goods.
- Comprehend the impact of technological advancements on market demand.
Verified Answer
SV
Learning Objectives
- Acknowledge the role of advertising and public perception in influencing the demand for goods.
- Comprehend the impact of technological advancements on market demand.
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