In the above scenario, the quantity of gas sold will
a. increase.
b. decrease.
c. remains the same.
d. may increase or decrease.
b
Economics
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Briefly explain why gross domestic product is not a welfare measure
What will be an ideal response?
Economics
Ted has decided to buy a burger and fries at a restaurant, but is considering whether to buy a drink as well. If the price of a burger is $2, fries are $1, drinks are $1, but a value meal with all three costs $3.80, the marginal cost to Ted of the drink is:
a. $0.20 b. $0.80 c. $1.00 d. $3.80
Economics