Which of the following events could shift the demand curve for gasoline to the left?
A)The income of gasoline buyers rises,and gasoline is a normal good.
B)The income of gasoline buyers falls,and gasoline is an inferior good.
C)Public service announcements run on television encourage people to walk or ride bicycles instead of driving cars.
D)The price of gasoline rises.

Question

Quizplus · Accepted Answer

Public service announcements encouraging people to walk or ride bicycles instead of driving cars would lead to a decrease in demand for gasoline, as fewer people would be driving and therefore buying gasoline. The other options would either have no effect on the demand for gasoline (Option A) or would lead to an increase in demand for gasoline (Option D) as people would be more willing to pay a higher price for gasoline.

Which of the Following Events Could Shift the Demand Curve