Answer to Question #121075 in Microeconomics for Rebecca Ageno Okeny

Question

A supply and demand question.
A. An engine getting roughly twice the miles per gallon as most older engines is invented and marketed.

1.Demand
a. Increases
b.Decreases
c. Stays the same

2.Supply
a.Increases
b. Decreases
c.Stays the same

3.Quantity bought and sold
a. Increases
b.Decreases
c.Stays the same

4.Price per gallon
a.Increases
b.Decreases
c. Stays the same

Answer 1

1. C) stays the same
2. a) increases
3. c) stays the same
4. b) decreases