Which of the Following Events Could Shift the Demand Curve

question 85

Multiple Choice

Which of the following events could shift the demand curve for gasoline to the left?

• A)The income of gasoline buyers rises,and gasoline is a normal good.
• B)The income of gasoline buyers falls,and gasoline is an inferior good.
• C)Public service announcements run on television encourage people to walk or ride bicycles instead of driving cars.
• D)The price of gasoline rises.

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Definitions:

Duplication

The act of copying or reproducing something. In an organizational context, it could refer to redundant processes or systems that may lead to inefficiency.

Organizational Efforts

The activities and endeavors undertaken by an organization in pursuit of its objectives, often involving strategy and resource allocation.

Rational Decision-Making Model

A structured or systematic process of making decisions that follows a logical series of steps, from problem identification to selecting the best alternative based on rational criteria.

Escalation Of Commitment

The tendency to invest additional resources in an apparently failing course of action.