Multiple Choice
At a price of $3.00 per gallon, the average weekly demand by consumers for gasoline is 40 gallons. If the price rises to $3.05, the weekly demand drops to 35 gallons. Assuming demand is linear, let, where Q is the weekly quantity of gasoline demanded and p is the price per gallon. What is the economic interpretation of the Q-intercept?
A) The number of gallons demanded if gas were free.
B) The the price at which no gasoline will be demanded.
C) The amount the demand decreases if the price rises $1.
D) The amount the price decreases if the demand is increased by 1 gallon.
Correct Answer:

Verified
Correct Answer:
Verified
Q76: If <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10073/.jpg" alt="If is
Q77: Which of the following figures shows the
Q78: Use the following table to find
Q79: A certain baseball card's value is given
Q80: The distance traveled by a car is
Q82: Let <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10073/.jpg" alt="Let
Q83: If <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10073/.jpg" alt="If Is a
Q84: An airplane has room for 360 coach-fare
Q85: Calculate the average rate of change for
Q86: A car company has found that there