When the price of gasoline increases substantially, many consumers will
a. turn to fuel saving alternatives like hybrid vehicles.
b. drive less.
c. take public transportation.
d. all of the above are true.
D
Economics
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A decrease in the price level will: a. increase the quantity of RGDP supplied, but not increase short-run aggregate supply. b. decrease the quantity of RGDP supplied, but not decrease short-run aggregate supply. c. increase short-run aggregate supply
d. decrease short-run aggregate supply.
Economics
In both perfectly competitive and monopoly markets, the price per unit of a good is equal to the
Economics