This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following ... (Read 114 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following occurs?
 
  A) Your demand curve for gasoline will shift leftward.
  B) Your demand curve for gasoline will shift rightward.
  C) Your total expenditure on gasoline will increase.
  D) Your total expenditure on gasoline will decrease.

Question 2

Marginal utility theory assumes that when Sally consume less of a good that she was previously consuming more than one unit of, her ________.
 
  A) total utility increases
  B) marginal utility increases
  C) income increases
  D) total utility is maximized


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rekilledagain

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


jjjetplane

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 29, 2018
Thank you :)


rekilledagain

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Role of transport in a cell

For a complete list of videos, visit our video library