Question 36
MediumOriginal questionThe price of petrol rises sharply. Other things the same, the demand for cars
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Cars and petrol are complements: running a car now costs more.
So fewer cars are demanded at each car price: a leftward shift.
- Concept
- Complement's price and demand
- Typical timeTypical
- 70 s
- Your timeYours
- —
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