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

Author Question: During the 1970s, OPEC's output restrictions caused gasoline prices to increase sharply. ... (Read 42 times)

allihubbard

  • Full Member
  • ***
  • Posts: 169
on: Oct 12, 2022
During the 1970s, OPEC's output restrictions caused gasoline prices to increase sharply. Coincidentally, demand for gas-guzzling cars fell. A likely explanation for these observations is that gasoline and cars had a(n) ________ elasticity of demand that was ________.
◦ income; negative
◦ cross; negative
◦ income; positive
◦ cross; positive
◦ price; negative
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by allihubbard on Oct 12, 2022

studyforce.com

  • Full Member
  • ***
  • Posts: 193
Reply #1 on: Oct 12, 2022
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 45% of students answer this correctly


allihubbard

  • Member
  • Posts: 169
Reply 2 on: Oct 12, 2022
:D TYSM

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Spinal changes caused by osteoporosis. Spinal changes caused by osteoporosis.
Abnormalities Caused by Cardiac Pathology Abnormalities Caused by Cardiac Pathology
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
Acromegaly caused by a tumor on his pituitary gland Acromegaly caused by a tumor on his pituitary gland
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Calculator Output Calculator Output
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library