This topic contains a solution. Click here to go to the answer

Author Question: In the summer of 2008, the price of gasoline increased greatly. If the demand curve for gasoline did ... (Read 525 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
In the summer of 2008, the price of gasoline increased greatly. If the demand curve for gasoline did not shift, which of the following occurred?
◦ Drivers received no consumer surplus after the price increase.
◦ Consumer surplus increased if drivers drove less.
◦ Consumer surplus decreased.
◦ If consumers drove the same amount, they received less total benefit.
◦ Both the marginal benefit from each gallon of gasoline and the consumer surplus from each gallon of gasoline decreased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by V@ndy87 on May 24, 2019

pallen55

  • Sr. Member
  • ****
  • Posts: 331
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly





 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library