trentbrock619 trentbrock619
  • 03-07-2021
  • Business
contestada

Based on the substitution effect, which example reflects how people would likely respond to a rise in gas prices

Respuesta :

temdan2001
temdan2001 temdan2001
  • 04-07-2021

Answer:

People will purchase more fuel efficient cars

Explanation:

People will purchase more fuel efficient cars in order to reduce the consumption of gas.

Better still, this will also leads to increase in the quantity demanded for electric cars; as they did not require gas to operate.

Answer Link

Otras preguntas

is ran or fought or told or broke a homophone
IS orange juice a solid liquid or gas and why
If the birth rate is 10 per 1,000 and the death rate is 10 per 1,000,then the growth rate is A.20% B.10 (C.0%) D.100%
Which body part belongs to the circulatory system?
What is a Phenomenon characterized by poorly planned development on the edges of cities and towns?
Vicky came home from the matinee at 5:45 pm.The travel time to and from the cinema was 1/2 hr each way . She spent 2 1/4 hrs at the cinema . What time did she l
Napoleon's empire spread the ideas of French Revolution in Europe. One of these ideas was nationalism. How was Napoleon's domination a factor in spreading natio
Read the sentence below and answer the following question: Alice was banking on a snow day as she watched the snowflakes gather on the ground. What does the wor
who was the first president?
why is 42.300 equal to 42.3