"A reduction in gasoline prices caused the demand for gas to increase. The lower prices for gasoline led to an increase in demand for large cars." These statements: O are essentially correct. O...

Question 29


Extracted text: "A reduction in gasoline prices caused the demand for gas to increase. The lower prices for gasoline led to an increase in demand for large cars." These statements: O are essentially correct. O contain one error; the lower gasoline prices would cause a reduction in demand for large cars, not an increase. O contain one error; the lower gasoline prices would increase the quantity of gasoline demanded by consumers. O contain two errors; the lower gasoline prices would cause the quantity of gasoline demanded to increase, and the lower gasoline price would reduce (rather than increase) the demand for large cars.