As high gasoline prices persisted into the first part of 2011,consumers began driving less and using public transportation more.Over time,this caused the demand curve for gasoline to become ________ and the quantity of gasoline demanded to ________.
A) more elastic, rise
B) more elastic; fall
C) less elastic; rise
D) less elastic; fall

Question

Quizplus · Accepted Answer

As consumers began driving less and using public transportation more, their response to changes in gasoline prices became more elastic. This means that the demand curve became more responsive to changes in price and the quantity of gasoline demanded fell. Thus, choice B, more elastic demand and a fall in quantity demanded, is the best option.

As High Gasoline Prices Persisted into the First Part of 2011,consumers