Which of the Following Would Cause a Rightward Shift in the Demand

question 118

Multiple Choice

Which of the following would cause a rightward shift in the demand curve for gasoline?
I. A large increase in the price of public transportation.
II. A large decrease in the price of automobiles.
III. A large reduction in the costs of producing gasoline.

• A) I only
• B) II only
• C) I and II only
• D) II and III only
• E) I, II, and III

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Definitions:

Grignard Reagent

An organomagnesium compound used in organic chemistry for forming carbon-carbon bonds, represented by the formula RMgX, where R is an alkyl or aryl group and X is a halide.

Hydrolysis

A chemical reaction in which water breaks down another compound, splitting it into two or more substances.

3-Heptanone

An organic compound that is a ketone with seven carbon atoms, where the carbonyl group is located at the third carbon.

Propanal

An aldehyde with the chemical formula C3H6O, characterized by a three-carbon chain with a terminal carbonyl group.