The Price of a Gallon of Gasoline Increases 10% This

question 41

Essay

The price of a gallon of gasoline increases 10% this year.As a result, which of the following events is most likely to occur?
A.More people will drive their cars.
B.Public transportation usage will decrease.
C.Gasoline expenditures will increase if gasoline is an inelastic good.
D.Fewer people will ride bicycles, a substitute for car travel.

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Definitions:

Adherence

The act of sticking closely to instructions, rules, or guidelines.

Resistance

The opposition or pushback by individuals or groups towards proposals, changes, or authoritative decisions within organizations.

Compliance

The act of adhering to rules, standards, or laws, often within regulatory, policy, or organizational contexts.

Adherence

Maintaining loyalty or commitment to a plan, decision, or instruction, especially in the context of health, policies, or personal goals.