140k views
4 votes
Which answer choice shows the likely effect of the gasoline-price trend illustrated on the graph on consumer demand for fuel-efficient vehicles that can travel a high number of miles per gallon of gasoline?

Which answer choice shows the likely effect of the gasoline-price trend illustrated-example-1
Which answer choice shows the likely effect of the gasoline-price trend illustrated-example-1
Which answer choice shows the likely effect of the gasoline-price trend illustrated-example-2
Which answer choice shows the likely effect of the gasoline-price trend illustrated-example-3
User ShawnOrr
by
5.4k points

2 Answers

5 votes

A. Is the correct answer demand curve shift to the right. Price increases and quantity increases

Which answer choice shows the likely effect of the gasoline-price trend illustrated-example-1
User Brightshine
by
5.3k points
2 votes

Answer:

The answer is: The first image, where as the price increases, the miles traveled by consumers also increase.

Step-by-step explanation:

If we look at the graphs, one can see how the price of gasoline increases, the miles that vehicles can travel increase, and that would be correct, since the other would be the opposite, at a lower price, less quantity of miles traveled.

The answer is: The first image, where as the price increases, the miles traveled by consumers also increase.

User Desicne
by
5.6k points