If the price of gasoline rises at the Exxon gas station at a busy intersection,the Mobil station at the same intersection will experience
A)an outward shift of the demand curve it faces
B)an inward shift of the demand curve it faces
C)a rightward movement along the same demand curve it faces
D)a leftward movement along the same demand curve it faces
E)neither a shift in nor a movement along the demand curve it faces

Question

Quizplus · Accepted Answer

When the price of gasoline rises at the Exxon station, consumers may switch to the Mobil station, increasing its demand, causing an outward shift of the demand curve.

If the Price of Gasoline Rises at the Exxon Gas