Solved

As a Result of Historically High Gasoline Prices in 2008,traffic

Question 1

Multiple Choice

As a result of historically high gasoline prices in 2008,traffic volume in the United States (measured in terms of billions of miles driven per month) declined significantly.These changes were caused by a of gasoline and .


A) surplus; a decrease in the quantity demanded of gasoline
B) surplus; a decrease in the demand for gasoline
C) shortage; a decrease in the quantity demanded of gasoline
D) shortage; a decrease in the demand for gasoline
E) shortage; an increase in the demand for gasoline

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents