Which of the Following Would Cause an Increase in the Price

question 86

Multiple Choice

Which of the following would cause an increase in the price of gasoline and an expansion in the equilibrium quantity?

• A) an increase in the price of crude oil, a key ingredient required for the production of gasoline
• B) the introduction of a miracle carburetor that substantially improves the gas mileage of automobiles
• C) a recession that substantially reduces the income of households
• D) an increase in the popularity and use of Sport Utility Vehicles that consume a lot of gasoline per mile driven

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Definitions:

Observes

The act of watching, monitoring, or noting something with attention, often for a specific purpose or to gather information.

Item of Interest

A specific object, event, or topic that attracts attention or concern from individuals or groups, often due to its relevance or importance.

Machine Learning

A subset of artificial intelligence in which a system can learn from data, identify patterns, and make decisions with minimal human intervention.

Detect Fraud

The process of identifying and preventing deceptive actions typically involving the intentional misrepresentation of information for personal gain.