Question

Gasoline prices increase by 50% but other prices remain
constant. What is the result? (1 point)
A decrease in demand for gasoline
An increase in demand for gasoline
No change in the quantity of gasoline demanded
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Answer 1

Price changes cause a movement along the demand curve, not a shift of it. So a 50% increase in the price of gasoline (with other factors constant) leads to a decrease in the quantity demanded — the demand curve itself does not change.