All Else Constant,a Large Decrease in the Number of People

question 89

Multiple Choice

All else constant,a large decrease in the number of people who want to own sport utility vehicles (SUVs) because of their poor fuel efficiency could be expected to cause:

• A)an increase in the supply of SUVs.
• B)a decrease in the equilibrium price of gasoline.
• C)an increase in the equilibrium price of SUVs.
• D)an increase in the supply of gasoline.