Which of the Following Events Could Shift the Demand Curve

question 85

Multiple Choice

Which of the following events could shift the demand curve for gasoline to the left?

• A)The income of gasoline buyers rises,and gasoline is a normal good.
• B)The income of gasoline buyers falls,and gasoline is an inferior good.
• C)Public service announcements run on television encourage people to walk or ride bicycles instead of driving cars.
• D)The price of gasoline rises.

---

Definitions:

Social Standing

The position or rank of a person or group within the hierarchical structure of society, often influenced by factors like wealth, occupation, education, and familial lineage.

Poverty Rate

Is the percentage of people living below the poverty threshold, which is three times the minimum food budget established by the U.S. Department of Agriculture.

Homelessness Rate

The proportion of people within a population who lack a fixed, regular, and adequate nighttime residence.

Plight

A dangerous, difficult, or otherwise unfortunate situation.