Answered

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Other things equal, which of the following might shift the demand curve for gasoline to the left? A. the development of a low-cost electric automobile B. a large decline in the price of automobiles C. the discovery of vast new oil reserves in Montana D. an increase in the price of train and air transportation

Sagot :

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Other things equal,the option that might shift the demand curve for gasoline to the left is  A. the development of a low-cost electric automobile

What Is Demand Curve?

The demand curve  can be describned as the graphical representation of the relationship tnhat exist between the price of a good or service  as well as the quantity demanded with respect to time however in the illustration, the price will appear on the left vertical axis,  however the quantity demanded on the horizontal axis.

It should be noted that the demand curve will move downward from the left to the right, following the law of demand with the  the price of a given commodity increases then the quantity demanded decreases, all else being equal.

Therefore option A is correct.

Learn more about demand curve at:

https://brainly.com/question/16790743

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