Other Things Equal, Which of the Following Might Shift the Demand

question 30

Multiple Choice

Other things equal, which of the following might shift the demand curve for gasoline to the left?

• A)the discovery of vast new oil reserves in Alberta
• B)the development of a low-cost electric automobile
• C)an increase in the price of train and air transportation
• D)a large decline in the price of automobiles

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Definitions:

Positive Feedback

A response mechanism that reinforces a particular behavior or performance, encouraging its recurrence by highlighting its benefits or successes.

Inflated Self-esteem

An excessively high regard for one's abilities or worth, often not aligned with reality and potentially leading to negative consequences.

Stressful Situations

Circumstances that trigger a stress response, potentially impacting an individual's mental or physical health.

Brag

To speak excessively and boastfully about one's achievements or qualities.