Given the law of demand, you would expect the rise in the price of gasoline to ______ the quantity of gasoline demanded and _
_____ the demand for gasoline.A. decrease; decreaseB. not change; decreaseC. decrease; not changeD. increase; decrease
1 answer:
Answer:
C. decrease; not change
Explanation:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
The rise in price of gasoline only affects the quantity demanded. Other factors affect the demand for gasoline.
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Answer:
$1340
Explanation:
= 30,000 * 8.93% * 1/2
= 2679 * 1/2
= 1339.5
= $1340
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<u>Option: D</u>
<u>Explanation:</u>
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