SylSha SylSha
  • 01-05-2019
  • Social Studies
contestada

An increase in the market demand for gasoline, all else equal, could be caused by

Respuesta :

palebadgworthy
palebadgworthy palebadgworthy
  • 13-05-2019

The correct answer is: "A decrease in the price of gasoline".

The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity supplied (ceteris paribus, hence, given that the rest remains equal).Therefore, when the price charged decreases, the amount that consumers are willing to buy increases.

Answer Link

Otras preguntas

let g(x)=x-3 and h(x)=x^2+6 find (h o g) (1)
List all integers between -0.6 and 4.17 THANK U
What was the South’s greatest concern when California applied for statehood?
The Commissariat established by Frederick William in Prussia became A. the overseer of the army. B. an agency of civil government. C. both a military and civil
2-3 facts about Warsaw Pact
What was the South’s greatest concern when California applied for statehood?
The Habsburg Empire did all of the following EXCEPT A. take control of Hungary, Croatia, and Slovonia. B. lose their Holy Roman Empire in Germany. C. remain a c
Two diverging light rays, originating from the same point, have an angle of 5° between them. After the rays reflect from a plane mirror, what is the angle betwe
If 52 x equals 7800 y what does 1 x equal? What is the maths equation?
2-3 facts about Warsaw Pact