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16 July, 03:43

An increase in the market demand for gasoline in the present, all else equal, could be caused by

A) a rise in peoples' income.

B) a reduction in the price of the gasoline.

C) an expected price decrease in the near future.

D) a reduction in the cost of drilling and refining petroleum.

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Answers (1)
  1. 16 July, 03:48
    0
    Answer is option B.

    Explanation:

    A reduction in the price of the gasoline may lead to an increase in the demand since people would be able to afford it, taking into account that the rest of the variables remain the same.
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