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26 May, 19:02

Which one of the following changes will cause the demand curve for gasoline to shift to the left?

A. The price of gasoline increases.

B. The supply of gasoline decreases.

C. The price of cars increases.

D. The price of cars decreases.

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Answers (1)
  1. 26 May, 20:48
    0
    Option A is correct.

    Explanation:

    The reason is that when the demand curve is plotted in x-y plane, plotting price on the y-axis and demand on the y-axis, the price increase of gasoline would shift the demand to left which means if the price of gasoline increases the demand of gasoline decreases.

    So the correct option is A.
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