When the Price of Gasoline Increases Substantially, Many Consumers Will

question 10

Multiple Choice

When the price of gasoline increases substantially, many consumers will

• A) turn to fuel saving alternatives like hybrid vehicles.
• B) drive less.
• C) take public transportation.
• D) all of the above are true.

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Definitions:

Lost Wax

A method of metal casting in which a molten metal is poured into a mold that has been created using a wax model, which is then melted away and lost.

Repoussé

Formed in relief by beating a metal plate from the back, leaving the impression on the face. The metal sheet is hammered into a hollow mold of wood or some other pliable material and finished with a graver. See also Relief.

Drilling

The process of making holes in a solid substrate by using a rotating tool called a drill, often used in construction, manufacturing, and resource extraction.

Price Discrimination

The business practice of selling the same good at different prices to different customers.