Answer:
Demand decreases.
Explanation:
The demand decreases because the price increase would cause drivers to travel less, meaning that gasoline sales would go down.
Both organizations supports professionals in various aspects
B when the price of corn changes
Answer: the gains from trade; protectionism
Explanation:
The common belief among economists is that it is better to embrace the gains from trade, and then deal with the costs and trade offs with other policy tools, than it is to engage in protectionism.
Economists believe that when countries engage in trade together, it brings about increase in the world's output, better innovation and better product quality hence, they do not really support protectionism.
Answer: Increase by $250
Explanation: As per the general rule of economics when there is an increase in income, that increase will eventually lead to increase in expenditure.
As, there is an increase in investment in the given case so it will result in increase in income for the economy.
We can compute it as :-
= $250
Therefore, the expenditure would increase by $250