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:

Intrinsic Rewards

Intrinsic rewards are valued outcomes received directly through task performance.

Zone Of Indifference

A range within which individuals are willing to accept directives or changes without resistance, often related to authority or persuasion.

Authoritative Requests

Authoritative requests are directives issued by an individual in a position of authority, demanding compliance or action with an expectation of obedience based on their power or status.

Critical Evaluations

The process of rigorously and systematically examining an object, situation, or outcome to judge its merit, significance, or value based on criteria.