The price of gasoline rises sharply.One likely outcome is that the demand curve for hybrid vehicles should shift to the left.

Question

Quizplus · Accepted Answer

When the price of gasoline rises sharply, the demand for hybrid vehicles typically increases because they are more fuel-efficient than traditional gasoline-powered vehicles. This would cause the demand curve for hybrid vehicles to shift to the right, not the left, as consumers look for ways to reduce their fuel expenses.

The Price of Gasoline Rises Sharply