Chuck Drives Past the Same Gas Station Every Day

question 132

Multiple Choice

Chuck drives past the same gas station every day.He realizes that the gas station always changes its prices on Tuesdays but keeps the price steady the rest of the week.On Saturday,Chuck turns on the news and hears a report projecting that the price of gasoline is going to increase.Holding all else constant,what do you think would happen to Chuck's demand for gasoline on Monday?

• A) His demand would shift to the right.
• B) His demand would shift to the left.
• C) You would see a movement down on his demand curve but no shift.
• D) You would see a movement up on his demand curve but no shift.
• E) You would see nothing happen to his demand curve until the price changed on Tuesday.

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Definitions:

IUPAC Name

The organized assignment of names to chemical compounds following the principles of the International Union of Pure and Applied Chemistry.

Ethanol

An alcohol with the formula C2H5OH, commonly known as alcohol, used in beverages, as a solvent, and in the manufacture of many products.

Impurities

Unwanted substances or contaminants found within or alongside a chemical substance or mixture, which can affect purity and performance.

Methanol

CH3OH, a fundamental alcohol, is employed across various uses including as a solvent, antifreeze, fuel, and as an initial substance for the creation of additional chemical products.