Demand for Shell gasoline will increase if the price of:
A) motor vehicles increases.
B) BP gasoline increases.
C) BP gasoline decreases.
D) Shell gasoline decreases.

Question

Quizplus · Accepted Answer

When the price of BP gasoline increases, consumers are likely to switch to alternatives like Shell gasoline, assuming the products are substitutes, leading to an increase in demand for Shell gasoline.

Demand for Shell Gasoline Will Increase If the Price Of