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Which one of the following changes will cause the demand curve for gasoline to shift to the left?
A. The price of gasoline increases.
B. The supply of gasoline decreases.
C. The price of cars increases.
D. The price of cars decreases.

Answer :

Answer:

Option A is correct.

Explanation:

The reason is that when the demand curve is plotted in x-y plane, plotting price on the y-axis and demand on the y-axis, the price increase of gasoline would shift the demand to left which means if the price of gasoline increases the demand of gasoline decreases.

So the correct option is A.

The demand curve for the gasoline will shift towards the left when the price of gasoline increases.

What is demand curve?

Demand curve is the graphical representation of any changes in the demand of a commodity with reference to change in its price.

There are two types of demand curve, first is individual demand curve and the market demand curve.

In the above case, the demand curve for gasoline to shift to the left if the price of gasoline increases. To understand this, plotting price on the y-axis and demand on the y-axis.

The price raises of gasoline would shift the demand towards its left which means if the price of gasoline increases the demand of gasoline decreases and vice versa.

Therefore, the correct option is A.

To learn more about the demand curve, refer to:

https://brainly.com/question/1915798

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