In January 2025
Answer to Question #233921 in Microeconomics for Teepee
How can the impact of a decrease in the price of petrol on the demand curve for petrol be illustrated?
The demand curve will become more elastic.
Since the petrol price has decreased it can lead to more consumption of petrol, because of low price, but it's not certain it (consumption) can decreased too and that may be the reason for decrease in the price. Hence, option d would be correct option.
-
![Help me with my assignment!]()
Who Can Help Me with My Assignment
There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
-
![How to finish assignment]()
How to Finish Assignments When You Can’t
Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
-
![Math Exams Study]()
How to Effectively Study for a Math Test
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
Comments
Leave a comment