Suppose that the price of gasoline increases.One would expect that the
A) demand for gasoline to decrease.
B) demand for sport utility vehicles to decrease.
C) demand for sport utility vehicles to increase.
D) quantity of gasoline demanded to increase.
E) quantity of sport utility vehicles demanded to increasE.

Question

Quizplus · Accepted Answer

When the price of gasoline increases, consumers are likely to reduce their demand for sport utility vehicles, which typically consume more gasoline, in favor of more fuel-efficient vehicles.

Suppose That the Price of Gasoline Increases