Which of the following is NOT a determinant of demand for gasoline?
A)Consumers' incomes.
B)The price of diesel.
C)The price of automobiles.
D)The quantity of gasoline supplied.

Question

Quizplus · Accepted Answer

The quantity of gasoline supplied is a determinant of supply, not demand. The determinants of demand include consumers' incomes, the price of related goods (such as cars or public transportation), and the price and availability of substitutes and complements, among other factors. The price of diesel may also indirectly affect the demand for gasoline, as they are both fuels used for transportation.

Which of the Following Is NOT a Determinant of Demand