Let D₀ Be the Initial Demand Curve for Gasoline

question 29

Multiple Choice

Let D₀ be the initial demand curve for gasoline. Which one of the following does not shift this curve?

• A) an increase in the amount of alternative fuels
• B) an increase in gas tax
• C) an increase in the price of gasoline
• D) an increase in oil imports from the Gulf

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Definitions:

French and Indian War

A major conflict between 1754 and 1763 in North America, part of a larger imperial struggle between Britain and France, ultimately leading to British dominance in North America.

British Crown

Symbolizes the sovereignty and authority of the monarchy of the United Kingdom and other Commonwealth realms.

Militia Service

Participation in a military force that is not part of the regular army and is often reserved for emergencies or defending the home territory.

1656

A historical year with various global events, not associated with a specific widely recognized definition without context.