Multiple Choice
An increase in the price of gasoline shifts the demand for tires to the
A) left, because gasoline and tires are substitutes.
B) left, because gasoline and tires are normally used together.
C) right, because gasoline and tires are substitutes.
D) right, because gasoline and tires are normally used together.
Correct Answer:
Verified
Correct Answer:
Verified
Q226: Which of the following suggests that the
Q227: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt=" -A surplus will
Q228: The U.S.government restricts the production of peanuts
Q229: A black market develops only when quantity
Q230: A surplus occurs when price is higher
Q232: A common misperception about consumer demand is
Q233: When a demand curve is constructed, each
Q234: Figure 4-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 4-23
Q235: Which of the following is the correct
Q236: Along a supply curve,<br>A)supply changes as price