Question

PLEASE ANSWER

Which of these is the most likely consequence of falling petroleum prices?

A. Less interest in public transportation
B. Increased demand for electric cars
C. More sales of traditional, large cars
D. Increased interest in oil exploration

Answer 1

The most likely consequence of falling petroleum prices is more sales of traditional, large cars, as cheaper gasoline costs make them more attractive to consumers.

C is correct

Step-by-step explanation:

The most likely consequence of falling petroleum prices is option C, More sales of traditional, large cars. When oil prices decrease, gasoline becomes cheaper, and consumers are less concerned with fuel efficiency. This tends to increase the demand for larger vehicles that may not be as fuel-efficient because the cost of operating such vehicles decreases.

Lower petroleum prices typically reduce the urgency for investing in alternatives such as public transportation or electric cars, hence there would be less interest in option B (Increased demand for electric cars). Similarly, falling prices can reduce the financial incentive for oil exploration as it may not be economically viable, which counters option D (Increased interest in oil exploration).

Answer 2

A or D

Step-by-step explanation:

The main consequences of the Fall In petroleum products is the transportation cost of any item will be reduced so the the purchasing cost of the consumer from the dealer will be reduced in a large extent. Due to falling prices of petroleum, more private car owners will afford to fuel their cars hence there will be more cars on the roads.

Hope this helps:)