An Increase in the Price of Gasoline Shifts the Demand

question 231

Multiple Choice

An increase in the price of gasoline shifts the demand for tires to the

• A)left, because gasoline and tires are substitutes.
• B)left, because gasoline and tires are normally used together.
• C)right, because gasoline and tires are substitutes.
• D)right, because gasoline and tires are normally used together.

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Definitions:

Tackle

To confront or take on a challenge or issue directly.

Increase Efficiency

The process of improving the capability of performing tasks or activities with the minimal amount of waste, effort, or inefficiency.

Prime Time

The period during a television broadcast schedule when the largest number of viewers are watching, typically in the evening.

Plan Activities

The process of organizing tasks, events, or actions that are intended to be carried out.