If the Price of Gasoline (A Normal Good) Decreases, Other

question 72

Multiple Choice

If the price of gasoline (a normal good) decreases, other things constant,

• A)the demand for gasoline increases
• B)the demand for gasoline decreases
• C)the quantity demanded of gasoline increases
• D)the quantity demanded of gasoline decreases
• E)neither the demand for gasoline nor the quantity demanded of gasoline changes because everything is
• Assumed constant along a demand curve

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Definitions:

Duty to Provide

An obligation to supply or make available what is due under the terms of a contract, law, or moral responsibility.

Reasonable Protection

Reasonable protection generally refers to the adequate measures or steps taken to safeguard individuals, property, or information from harm or damage.

Barriers

Obstacles that prevent movement, access, or progress.

Duty of Care

An obligation to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.