If the price of gasoline decreases, what will be the impact in the market for public transportation?
A) The quantity of public transportation demanded increases.
B) The quantity of public transportation demanded decreases.
C) The demand curve for public transportation shifts to the left.
D) The demand curve for public transportation shifts to the right.
C
You might also like to view...
Which of the following occurs with both perfectly price discriminating and single-price monopolies?
A) The amount of output is inefficient. B) All consumer surplus goes to the monopoly. C) Deadweight loss is created. D) There is a redistribution of consumer surplus to the monopoly.
If the average total cost of producing 20 sweaters an hour falls when the firm doubles all its inputs, then the
A) short-run average total cost curve shifts upward because all inputs have increased. B) firm moves along its short-run average total cost curve. C) firm experiences economies of scale. D) long-run average cost curve shifts downward.