Every Spring, Motorists Do More Driving Than During the Winter

question 507

Multiple Choice

Every spring, motorists do more driving than during the winter months. Every spring, the price of gasoline increases and the motorists buy more gasoline. This experience suggests that the

• A) "law of supply" does not always hold for necessities like gasoline.
• B) "law of demand" does not always hold for necessities like gasoline.
• C) laws of supply and demand are both contradicted for gasoline, though only during the spring driving season.
• D) None of the above answers are correct.

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Definitions:

Conservatives

Individuals or political factions favoring traditional views and values, advocating for minimal governmental intervention in the economy and society.

Socialists

People who advocate for socialism, a political and economic theory of social organization advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.

Federalists

Supporters of the ratification of the U.S. Constitution, advocating for a strong federal government and the creation of a union of states with a centralized authority.

Federal Legislation

Laws passed by the national government of a federal country.