Using the Law of Demand,what Would Generally Happen If the Price

question 28

Multiple Choice

Using the law of demand,what would generally happen if the price of gasoline were to rise to $7.00 per gallon?

• A) The quantity demanded would increase.
• B) There would be no effect on demand.
• C) The quantity demanded would decrease.
• D) Automakers would increase production.

---

Definitions:

Precise

Being exact, accurate, and clear in expression or detail.

Concise

Expressing or covering much in few words; brief in form but comprehensive in scope.

Manipulation

involves influencing or controlling someone or something to one's advantage, often without their knowledge or consent.

Truthfulness

The quality of being honest, accurate, and straightforward in communication or behavior; paramount in building trust and credibility.