If the Price of Petrol Decreases, What Will Be the Impact

question 181

Multiple Choice

If the price of petrol decreases, what will be the impact in the market for public transportation?

• A)The demand curve for public transportation shifts to the right.
• B)The quantity of public transportation demanded increases.
• C)The demand curve for public transportation shifts to the left.
• D)The quantity of public transportation demanded decreases.

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Definitions:

Contingencies of Power

Factors that affect the ability of one party to influence another, including conditions of dependency, substitutability, and centrality.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Influence

The capacity or power of one party to affect the beliefs, behaviors, or development of others through direct or indirect means.

Non-substitutability

The characteristic of being unable to be replaced or substituted by an alternative without a loss of value or functionality.