Asked by Daily Christy on Mar 10, 2024
Verified
How will the development of the hybrid automobile,a car powered by both a gasoline engine and a battery,affect the market for gasoline?
A) Demand will increase
B) Demand will decrease
C) Supply will increase
D) Supply will decrease
A) Demand will increase
B) Demand will decrease
C) Supply will increase
D) Supply will decrease
Hybrid Automobile
A vehicle that uses two or more distinct types of power, such as an internal combustion engine plus an electric motor, to achieve better fuel efficiency and lower emissions than conventional vehicles.
Market for Gasoline
The supply and demand interaction for gasoline, determining its price in the market.
- Acknowledge components that lead to alterations in supply curves.
Verified Answer
VK
Viktoriya Konko
Mar 10, 2024
Final Answer :
B
Explanation :
The development of hybrid automobiles will decrease the demand for gasoline as they rely on both gasoline and battery power. With more hybrid cars on the road, there will be less reliance on gasoline-powered cars, leading to a decrease in demand for gasoline.
Learning Objectives
- Acknowledge components that lead to alterations in supply curves.
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