If a Decrease in the Price of Gasoline Increases the Demand

question 349

Multiple Choice

If a decrease in the price of gasoline increases the demand for large cars, then

• A) gasoline and large cars are substitutes in consumption.
• B) gasoline and large cars are complements in consumption.
• C) gasoline is an inferior good.
• D) large cars are an inferior good.

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Definitions:

American Men

Male individuals of any age who are citizens or residents of the United States.

Marrying Age

The legally or socially sanctioned age at which individuals are considered eligible to enter into a marriage agreement.

American Women

Refers to females who are citizens or residents of the United States, encompassing a diverse group with varied cultural, social, and economic backgrounds.

Married

Being in a legal or recognized union with a spouse, typically involving a public declaration of commitment.