Assume the price of gasoline triples. What will likely happen to the demand for small cars? The demand curve will shift to the ______ and demand will ______.

Name: Assume the price of gasoline triples. What will likely happen to the demand for small cars? The demand curve will shift to the ______ and demand will ______.
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Question

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When gasoline prices triple, consumers are likely to seek more fuel-efficient vehicles, such as small cars, leading to an increase in demand and a rightward shift in the demand curve.

Assume the Price of Gasoline Triples