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Demand & Its Determinants · Question 36 of 66

Question 36

MediumOriginal question

The price of petrol rises sharply. Other things the same, the demand for cars

Options for question 36

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Cars and petrol are complements: running a car now costs more.

  2. So fewer cars are demanded at each car price: a leftward shift.

Concept
Complement's price and demand
Typical time
70 s
Your time
—
The rule this testsSubstitutes, complements, normal and inferior goods
Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.

Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.