if-the-price-of-gasoline-remains-high-for-several-years-what-long-term-changes-m

Question

If the price of gasoline remains high for several years, what long-term changes might consumers make to their demand?

Accepted Answer

Consumers may switch to more fuel-efficient vehicles or alternative transportation.

Answer

Consumers will increase their gasoline consumption.

Answer

Consumers will continue to buy the same amount of gasoline regardless of price.

Answer

Consumers will stop using gasoline entirely.