Because of a Sharp Increase in the Price of Fuel,the

question 1

Multiple Choice

Because of a sharp increase in the price of fuel,the demand for Sports Utility vehicles (SUVs) has decreased.So,the high price of fuel leads to a

• A)leftward shift of the supply curve of SUVs and no shift in the demand curve for SUVs.
• B)leftward shift of the demand curve for SUVs and the supply curve of SUVs.
• C)leftward shift of the demand curve for SUVs and no shift in the supply curve of SUVs.
• D)rightward shift of the supply curve of SUVs and no shift in the demand curve for SUVs.
• E)leftward shift of the demand curve for SUVs and a rightward shift of the supply curve of SUVs.

---

Definitions:

Debt Relief

A measure or process through which a portion or all of someone's debt is forgiven or restructured to reduce the financial burden on the debtor.

Western Territories

The lands west of the Mississippi River in the United States that were acquired and settled during the 19th and early 20th centuries.

Popular Democracy

A form of democracy that seeks to represent the will and interests of the majority of the population through broad participation and policies that benefit the common good.

Revolutionary War

The conflict between Thirteen American colonies and the British Empire (1775-1783), which resulted in the colonies gaining independence and forming the United States of America.