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Holding All Other Forces Constant,when the Price of Gasoline Rises,the

Question 31

Multiple Choice

Holding all other forces constant,when the price of gasoline rises,the number of gallons of gasoline demanded would fall substantially over a ten-year period because


A) buyers tend to be much less sensitive to a change in price when given more time to react.
B) buyers tend to be much more sensitive to a change in price when given more time to react.
C) buyers will have substantially more real income over a ten-year period.
D) the quantity supplied of gasoline increases very little in response to an increase in the price of gasoline.

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