Question
Suppose you drive a car that gets good gas mileage, and you notice that more and...
Suppose you drive a car that gets good gas mileage, and you notice that more and more people are driving gas-guzzling c increased demand for gas oints Multiple Cholce 015745 does not offect you eBook Pant Defe entes s likely to couse the price you pay for gos to decrese is likey to couse the price you pey for gos so increase
Answers
Ans) the correct option is likely to cause the price you pay for gas to increase.
Because of the increase demand of gas, demand will shift to the right whereas there will no change in supply so equilibrium price and quantity will tend to increase.
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