Multiple Choice
Every spring, motorists do more driving than during the winter months. Every spring, the price of gasoline increases and the motorists buy more gasoline. This experience suggests that the
A) ʺlaw of demandʺ does not always hold for necessities like gasoline.
B) laws of supply and demand are both contradicted for gasoline, though only during the spring driving season.
C) ʺlaw of supplyʺ does not always hold for necessities like gasoline.
D) None of the above answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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