In December 2014, the Average Price of Gasoline in the United

question 290

Multiple Choice

In December 2014, the average price of gasoline in the United States was $2.50 per gallon and consumers bought 7 percent more gasoline than they had during April 2014, when the average price was $3.60 per gallon.Based on these figures, when the price of gasoline fell from $3.60 per gallon to $2.50 per gallon, total revenue

• A)increased.
• B)decreased.
• C)did not change.
• D)There is not enough information to determine what happened to total revenue.

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Definitions:

Upward Social Comparison

The process of comparing oneself to others who are perceived to be better off or superior in some way, often leading to feelings of inspiration or inadequacy.

Social Comparison

The process by which individuals evaluate their own abilities, achievements, and situations by comparing them to those of others.

Anthropology Project

A research or study undertaking within the field of anthropology, aimed at exploring human societies, cultures, and biological characteristics.

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An internal drive to take action for the pure enjoyment or satisfaction derived from the activity itself, rather than for some separate consequence.