Gasoline and Ethanol Are Substitute Fuels

question 27

Multiple Choice

Gasoline and ethanol are substitute fuels.If the government increases taxes on gasoline,this will cause a(n) ________ in deadweight loss in the market for gasoline and a(n) ________.

• A) decrease; increase in the price of ethanol
• B) increase; decrease in demand for ethanol
• C) increase; increase in the price of ethanol
• D) decrease; increase in demand for ethanol
• E) increase; decrease in the price of ethanol

---

Definitions:

Adulthood

A stage of life characterized by full physical and intellectual maturity, typically beginning around the age of 18-21.

Erikson's Stages

A series of eight psychological stages of development theorized by Erik Erikson, each characterized by a different challenge or crisis.

Future Generations

Future generations refer to the people who will live in the future, beyond the current generation, and the considerations of their rights and welfare in present decisions.

Marital Satisfaction

A measure of the happiness and contentment individuals feel within their marriage or partnership.