Which of the following could affect a demand schedule for petroleum products?
A)A change in the technology of oil production.
B)The discovery of new oil fields in Texas.
C)A strike by oil refinery workers.
D)An increase in national income.
E)None of the above.

Question

Quizplus · Accepted Answer

An increase in national income could affect a demand schedule for petroleum products because higher income generally increases consumers' purchasing power, potentially leading to higher demand for goods, including petroleum products.

Which of the Following Could Affect a Demand Schedule for Petroleum