An increase in the price of gasoline will Shift the automobile supply curve to the left. Shift the gasoline supply curve to the right. Shift the automobile demand curve to the left. Shift the gasoline demand curve to the right.

An increase in the price of gasoline will :

Shift the automobile supply curve to the left.
Shift the gasoline supply curve to the right.
Shift the automobile demand curve to the left.
Shift the gasoline demand curve to the right.
Answer:

c) Shift the automobile demand curve to left.

Gasoline and automobile are complementary goods which are used together. An increase in price of gasoline decreases demand for automobile.

Asked on February 14, 2018 in economics.
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