A permanent change to a much higher price of gasoline would lead us to expect fewer gas guzzlers on the road, ceteris paribus.

Name: A permanent change to a much higher price of gasoline would lead us to expect fewer gas guzzlers on the road, ceteris paribus.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A permanent increase in the price of gasoline would make gas guzzlers more expensive to operate, leading many consumers to switch to more fuel-efficient vehicles. This assumes that all other factors remain constant (ceteris paribus).

A Permanent Change to a Much Higher Price of Gasoline