Answered: If the price of electric automobiles…

If the price of electric automobiles were to decrease substantially, the demand curve for gasoline would most likely A. shift leftward. B. shift rightward. OC. remain unchanged. D. become steeper.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 4QP

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Question

If the price of electric automobiles were to decrease substantially, the demand curve for gasoline would most likely
A. shift leftward.
B. shift rightward.
C. remain unchanged.
D. become steeper.

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