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Other things equal, which of the following might shift the demand curve for gasoline to the left?

A. The discovery of vast new oil reserves in Montana.

B. The development of a low-cost electric automobile.

C. An increase in the price of train and air transportation.

D. A large decline in the price of automobiles.

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Related questions

The demand in Japan for gasoline is inelastic and therefore not very sensitive to market prices. Given that, describe the effect of each of the following on the quantity demanded or the demand for gasoline in Japan. Indicate whether the effect of each is an upward or downward movement along a given demand curve or instead involves an outward or inward shift in the demand curve for gasoline. Explain your answers.

a. A sharp increase in the average price of gasoline in Japan.
b. A sharp rise in the price of automobiles in Japan.
c. A fall in the price of public transportation in Japan.
d. A fall in the price of electric-powered cars in Japan.

Which of the following is likely to cause the demand curve for cars to shift to the left?

a. An increase in the economy's national income.

b. A rise in the price of cars.

c. A rise in the price of gasoline.

d. An increase in the cost of production, leading to an increase in the price of cars. 

1. A farmer can grow wheat or corn. If the price of wheat increases, the farmer expects a better return from growing wheat. All else equal, the corn supply curve

a. shifts to the right.

b. shifts to the left.

c. stays where it is. This is a movement along the corn supply curve.

d. becomes a backward-bending curve.

2 The opportunity cost of a new public highway is the

a. other goods and services that must be sacrificed to construct the new highway.

b. money cost of hiring contractors and construction workers for the new highway.

c. cost of constructing the new highway in a future year.

d. increase traffic from the use of the new highway.

3. All else equal, which of the following will cause the demand curve for a good to shift to the left (decrease)?

a. an increase in the price of the good.

b. an expectation of a future price decline.

c. a decrease in the price of the good.

d. an increase in the supply of a good.

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