Which of the Following Events Could Shift the Demand Curve

question 85

Multiple Choice

Which of the following events could shift the demand curve for gasoline to the left?

• A)The income of gasoline buyers rises,and gasoline is a normal good.
• B)The income of gasoline buyers falls,and gasoline is an inferior good.
• C)Public service announcements run on television encourage people to walk or ride bicycles instead of driving cars.
• D)The price of gasoline rises.

---

Definitions:

Law Of Equity

A system of law that supplements the statutory and common laws, aiming to achieve fairness and justice in cases where strict application of the law might result in an inequitable outcome.

Real Estate Agent

A certified individual who acts on behalf of sellers or buyers in property sales.

Agency By Necessity

A situation where an agent is granted emergency powers to act on behalf of another without their consent, due to unforeseen circumstances.

Principal

In law and finance, the individual or entity who authorizes another to act on their behalf; in bonds, it refers to the original amount of money borrowed or invested, excluding any interest.