A Sharp Increase in the Price of Gasoline

Multiple Choice

A sharp increase in the price of gasoline

A) will reduce daily gas consumption by more tomorrow than it will six months from now.
B) will reduce gasoline consumption more six months from now than it will tomorrow.
C) will cause an increase in quantity of gasoline demanded if demand is perfectly inelastic.
D) will cause an increase in the quantity of gasoline demanded if demand is perfectly elastic.