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Which of the following would likely increase the demand for gasoline-powered automobiles? A. the expectation by...

Which of the following would likely increase the demand for gasoline-powered automobiles? A. the expectation by consumers that electricity prices will be much higher in the future. B. the expectation by consumers that oil prices will be lower in the future. C. an increase in the price of public transportation. D. All of the above E. None of the above

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Answer #1

D.) All of the above

A. the expectation by consumers that electricity prices will be much higher in the future.

B. the expectation by consumers that oil prices will be lower in the future.

C. an increase in the price of public transportation.

An increase in input costs in the production of electric automobiles caused the price of electric automobiles to rise. Holding everything else constant, how would this affect the market for gasoline-powered automobiles which led to demand for gasoline powered automobiles.

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