Suppose the US demand curve for gasoline shifts rightward, and the U.S. supply curve for gasoline remains unchanged. As a result, the price of gasoline increases by 9 percent, and the equilibrium quantity increases by 3 percent. Which of the following statements is true based on this ...
【单选题】Which of the following would shift the demand curve for gasoline to the right? A. a decrease in the price of gasoline B. an increase in consumer income, assuming gasoline is a normal good C. an increase in the price of cars, a complement for gasoline D. a decrease in the...
We find a price elasticity of supply of 0.29, which differs from the common assumption of a perfectly inelastic short-run supply curve. By using a novel data source, the analysis provides a robustness check of aggregate studies of gasoline demand and a consistent, econometric estimate of the ...
d. The supply of gasoline decreases. 正确答案:B 分享到: 答案解析: Choice "B" is correct. A shift left in any demand curve represents a decrease in demand (at all price levels) for that product. Because gasoline and cars are considered complementary goods, the demand for gasoline is dire...
A sales tax is imposed on the sellers of gasoline. This tax shiftsA.the supply of gasoline curve leftward.B.the supply of gasoline curve rightward.C.the demand for gasoline curve leftward.D.both the supply curve of gasoline and demand curve for gasoline
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gasoline supply and gasoline demand shocks, the price of gasoline is endogenously determined through a transportation sector that uses gasoline as an input of production. The model is estimated for the U.S. economy using five macroeconomic time series, including data on transport costs and gasoline...
Historically, the intercept of the ethanol supply curve is above the gasoline price. Hence, part of the tax credit is redundant and represents "... Harry de Gorter and David R. Just - 《American Journal of Agricultural Economics》 被引量: 250发表: 2009年 Gasoline demand and car choice: es...
If the price of automobiles were to increase substantially, the demand curve for gasoline would most likely的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找答案,刷题练习的工具.一键将文档转化为在线题库手机刷题,以提高学习效
But production has been surging, and amid ample and growing supply, prices were already weak, when the coronavirus hit. Demand for transportation fuel in the US collapsed. For gasoline, it started in mid-March when the measures to tamp down on the spread of the coronav...