Every spring, motorists do more driving than during the winter months. Every spring, the price of petrol increases and the motorists buy more petrol. This experience suggests that the
A) laws of supply and demand are both contradicted for petrol, though only during the spring driving season.
B) "law of supply" does not always hold for necessities like petrol.
C) "law of demand" does not always hold for necessities like petrol.
D) None of the above answers is correct.
Correct Answer:
Verified
Q19: Q20: Q21: Which of the following raises the price Q22: Which of the following raises the equilibrium Q23: Bicycles are made out of steel. If Q25: A relative price is Q26: Demands differ from wants because Q27: The price of cereal rises. As a Q28: If the quantity of textbooks supplied is Q29: An increase in the price of jet![]()
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A)the number of dollars
A)wants require a
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