Over the past 10 years,the relative price of gasoline has ________.As a result,________.
A) increased; consumers have found substitutes for gasoline and bought less gasoline
B) increased; the consumption possibilities for gasoline have increased
C) decreased; consumers have had an incentive to buy more gasoline
D) decreased; the relative prices of other goods have increased
E) not changed; the relative prices of other goods have fallen

Question

Quizplus · Accepted Answer

Gasoline has become more expensive relative to other goods over the past 10 years. As a result, consumers have found substitutes for gasoline and bought less gasoline.

Over the Past 10 Years,the Relative Price of Gasoline Has