Because of a Sharp Increase in the Price of Petrol

question 56

Multiple Choice

Because of a sharp increase in the price of petrol, the demand for Sports Utility vehicles (SUVs) has decreased. So, the high price of petrol leads to a

• A) leftward shift of the supply curve of SUVs and no shift in the demand curve for SUVs.
• B) rightward shift of the supply curve of SUVs and no shift in the demand curve for SUVs.
• C) leftward shift of the demand curve for SUVs and the supply curve of SUVs.
• D) leftward shift of the demand curve for SUVs and no shift in the supply curve of SUVs.
• E) leftward shift of the demand curve for SUVs and a rightward shift of the supply curve of SUVs.

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Definitions:

Acute Phase

The initial stage of a disease or condition, marked by severe and rapidly onset symptoms that demand immediate medical attention.

Intensive Care Unit

A specialized department in a hospital that provides critical care and life support for acutely ill and injured patients.

Acute Care Unit

A hospital department designed to provide immediate treatment for severe, life-threatening conditions.

Emergency Department

A specialized department in a hospital providing immediate care for sudden or severe injuries and illnesses.