Asked by
Trevor Golden
on Dec 16, 2024
Verified
Which of the following will cause the demand curve for gasoline to shift leftward?
A) A decrease in the price of gasoline
B) An increase in the price of gasoline
C) A leftward shift of the supply of gasoline
D) A rightward shift of the supply of cars
E) An increase in the price of cars
Demand Curve
The demand curve is a graphical representation showing the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase at various prices.
Gasoline
A petroleum-derived liquid used primarily as fuel in internal combustion engines.
- Recognize elements that lead to movements along and shifts in demand curves.
Verified Answer
OB
Learning Objectives
- Recognize elements that lead to movements along and shifts in demand curves.