Register
If price was $1.40 per gallon and increased to $2.00 per gallon, how does quantity of gasoline demanded change
106k views
4 votes
If price was $1.40 per gallon and increased to $2.00 per gallon, how does quantity of gasoline demanded change

User Anoroah
by
4.7k points

1 Answer

3 votes

Answer:

Demand decreases.

Step-by-step explanation:

The demand decreases because the price increase would cause drivers to travel less, meaning that gasoline sales would go down.

User Discorick
by
4.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.4m questions

7.0m answers

Other Questions

Decker Tires' free cash flow was just FCF0 = $1.32. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC
Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Risa has to work long hours and sometimes weekends, losing out on family time. Risa doesn't find her long hours overly stressful, but rather she sees it as her contribution to maintaining her family's
This problem has been solved! See the answer Currently, Warren industries can sell 15-year, $1,000 par value bonds paying annual interest at a 12% coupon rate. As a result of current interest rates, the
Bob and Tom are two criminals who have been arrested for burglary. The police put Tom and Bob in separate cells. They offer to let Bob go free if he confesses to the crime and testifies against Tom. Bob
Link Copied!