Suppose That the Price of Gasoline Increases

question 83

Multiple Choice

Suppose that the price of gasoline increases.One would expect that the

• A) demand for gasoline to decrease.
• B) demand for sport utility vehicles to decrease.
• C) demand for sport utility vehicles to increase.
• D) quantity of gasoline demanded to increase.
• E) quantity of sport utility vehicles demanded to increase.

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Definitions:

Standard Form

A way to write numbers using the digits 0-9, where each digit has its place value; in linear equations, Ax + By = C, where A, B, and C are integers.

Ellipse

A curve on a plane that surrounds two focal points such that the sum of the distances to the two focal points is constant for every point on the curve.

Major Axis

The longest diameter of an ellipse, running through its center and both foci.

Vertices

Vertices are the corner points where two or more lines, edges, or curves meet in a geometric shape or figure.