All else constant,a large decrease in the number of people who want to own sport utility vehicles (SUVs)because of their poor fuel efficiency could be expected to cause:

Question

Quizplus · Accepted Answer

A large decrease in the demand for SUVs, which are known for poor fuel efficiency, would likely lead to a decrease in gasoline consumption. This reduced demand for gasoline could lead to a decrease in its equilibrium price, as less gasoline would be needed to meet the diminished demand.

All Else Constant,a Large Decrease in the Number of People