Suppose That the Price of Gasoline Increases

question 28

Multiple Choice

Suppose that the price of gasoline increases.One would expect that the

• A) demand for gasoline to decrease.
• B) demand for sport utility vehicles to decrease.
• C) demand for sport utility vehicles to increase.
• D) quantity of gasoline demanded to increase.
• E) quantity of sport utility vehicles demanded to increasE.

---

Definitions:

Normative Commitment

The level of an individual's psychological attachment to an organization due to a sense of obligation.

Time Employed

The duration or period an individual has spent working for a particular employer or in a specific role.

Interesting Work

Tasks or roles that engage an individual's curiosity, creativity, or passion, often leading to higher job satisfaction.

Organizational Commitment

The psychological attachment an employee feels towards their organization, including a desire to remain a member and a willingness to exert effort on its behalf.