If the Price of Gasoline in This Country Were Expected

question 203

Multiple Choice

If the price of gasoline in this country were expected to rise due to a permanent increase in the tax on gasoline, which of the following would you expect to happen?

• A) The demand for gasoline would become more elastic.
• B) The demand for gasoline would decrease as a result of the higher price.
• C) Producers will have less of an incentive to supply gasoline as a result of the higher taxes.
• D) The elasticity of demand will not change since gasoline is a necessary good.

---

Definitions:

Flexible Work Arrangements

Employment terms that allow for variability in work hours, locations, or job duties to accommodate employees' needs and improve their work-life balance.

Distant Staffing Program

A strategy for hiring and managing employees who work from remote locations, outside the traditional office environment.

Telecommuting

Telecommuting is a work arrangement in which employees do not commute to a central place of work, instead performing their job duties remotely, usually from home.

Organizational Citizenship Behaviours

Voluntary actions performed by employees that contribute to the overall positive functioning and culture of an organization, beyond their usual job duties.