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Which of the following statement is incorrect? Group of answer choices An increase of the price of gasoline will lead to a movement along the demand curve for the gasoline. A double population will lead to a shift of the demand curve for cars to the right. A decrease of the price of cars will lead to a movement along the supply curve of gasoline. A double rate for auto insurance will lead to a shift of the demand curve of gasoline to the right. The pass of a law banning car imports from Japan will lead to a shift of the demand curve for gasoline to the right.

Which of the following statement is incorrect? Group of answer choices An increase of the price of gasoline will lead to a movement along the demand curve for the gasoline. A double population will lead to a shift of the demand curve for cars to the right. A decrease of the price of cars will lead to a movement along the supply curve of gasoline. A double rate for auto insurance will lead to a shift of the demand curve of gasoline to the right. The pass of a law banning car imports from Japan will lead to a shift of the demand curve for gasoline to the right.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following statement is incorrect? Group of answer choices An increase of the price of gasoline will lead to a movement along the demand curve for the gasoline. A double population will lead to a shift of the demand curve for cars to the right. A decrease of the price of cars will lead to a movement along the supply curve of gasoline. A double rate for auto insurance will lead to a shift of the demand curve of gasoline to the right. The pass of a law banning car imports from Japan will lead to a shift of the demand curve for gasoline to the right.
Transcribed Image Text:Which of the following statement is incorrect? Group of answer choices An increase of the price of gasoline will lead to a movement along the demand curve for the gasoline. A double population will lead to a shift of the demand curve for cars to the right. A decrease of the price of cars will lead to a movement along the supply curve of gasoline. A double rate for auto insurance will lead to a shift of the demand curve of gasoline to the right. The pass of a law banning car imports from Japan will lead to a shift of the demand curve for gasoline to the right.
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