Because of a sharp increase in the price of fuel,the demand for Sports Utility vehicles (SUVs) has decreased.So,the high price of fuel leads to a
A) leftward shift of the supply curve of SUVs and no shift in the demand curve for SUVs.
B) leftward shift of the demand curve for SUVs and the supply curve of SUVs.
C) leftward shift of the demand curve for SUVs and no shift in the supply curve of SUVs.
D) rightward shift of the supply curve of SUVs and no shift in the demand curve for SUVs.
E) leftward shift of the demand curve for SUVs and a rightward shift of the supply curve of SUVs.
Correct Answer:
Verified
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