In December 2014, the Average Price of Gasoline in the United

question 290

Multiple Choice

In December 2014, the average price of gasoline in the United States was $2.50 per gallon and consumers bought 7 percent more gasoline than they had during April 2014, when the average price was $3.60 per gallon.Based on these figures, when the price of gasoline fell from $3.60 per gallon to $2.50 per gallon, total revenue

• A)increased.
• B)decreased.
• C)did not change.
• D)There is not enough information to determine what happened to total revenue.

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