Question

Suppose the market for gasoline is in equilibrium. You have heard that the price of crude oil is falling because of new oil discoveries. You are also aware that the number of car and truck drivers is steadily rising. Knowing this, you predict that the price of gasoline will _____ and the quantity of gasoline bought and sold will _____. Select one: a. rise; rise b. rise or fall; rise c. rise; fall d. rise or fall; fall

Answer 1

Answer:

The answer is rise

Explanation:

When price of gasoline will increase then quantity of gasoline bought and sold will increase

Answer 2

Answer:

rise or fall; rise

Explanation:

I hope this will help you....