If the price of gasoline increases significantly, then we'd expect the demand curve for large trucks and SUVs to:

Question

Quizplus · Accepted Answer

Large trucks and SUVs are known to have low fuel efficiency and consume more gasoline than smaller cars. Therefore, when the price of gasoline increases, consumers are more likely to choose to buy smaller, more fuel-efficient cars instead of larger trucks and SUVs. Consequently, there will be a decrease in the demand for large trucks and SUVs, causing the demand curve to shift to the left.

If the Price of Gasoline Increases Significantly, Then We'd Expect