A Shift in the Demand Curve for Gasoline Would Occur

question 144

Multiple Choice

A shift in the demand curve for gasoline would occur if

• A)the price of gasoline changed.
• B)more oil was discovered.
• C)there was a shift in the supply curve for gasoline.
• D)people decided to travel more by car.

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Definitions:

Common Sense

Practical judgment concerning everyday matters or a basic ability to perceive, understand, and judge things shared by nearly all people.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the researcher.

Grocery Shoppers

Individuals engaged in purchasing food and other items for home use from grocery stores or supermarkets.

Behavior Recording

A method used to document and track specific actions or behaviors over a period of time for analysis.