In the first few months of 2012,the price of gasoline increased by approximately 15 percent.Because of this increase,we would expect the ________ curve in the market for hybrid cars to ________.

Question

Quizplus · Accepted Answer

As the price of gasoline increases, consumers are more likely to seek fuel-efficient alternatives, such as hybrid cars. This increases the demand for hybrid cars, shifting the demand curve to the right.

In the First Few Months of 2012,the Price of Gasoline