A Sharp Increase in the Price of Gasoline

question 9

Multiple Choice

A sharp increase in the price of gasoline

• A)will reduce daily gas consumption by more tomorrow than it will six months from now.
• B)will reduce gasoline consumption more six months from now than it will tomorrow.
• C)will cause an increase in quantity of gasoline demanded if demand is perfectly inelastic.
• D)will cause an increase in the quantity of gasoline demanded if demand is perfectly elastic.

---

Definitions:

Dispositional Attribution

The tendency to attribute someone's behavior to their personality or character rather than to situational factors.

Situational Attribution

Refers to the process of attributing a person's behavior to external factors, such as the situation or environment they are in.

Cognitive Dissonance

The uneasy feeling that arises in someone when they possess multiple conflicting beliefs, ideas, or values simultaneously.

Foot-In-The-Door

A psychological technique that involves getting a person to agree to a large request by first setting them up by agreeing to a modest request.