Ans) the correct option is likely to cause the price you pay for gas to increase.
Because of the increase demand of gas, demand will shift to the right whereas there will no change in supply so equilibrium price and quantity will tend to increase.
Suppose you drive a car that gets good gas mileage, and you notice that more and...
You deciding between purchasing an electric car and an all-gas model. The electric model sells for 38,000 and can drive 258 miles per full charge.The all−gas model gets an effective gas mileage of 22 MPG and sells for 38,000 and can drive 258 miles per full charge.The all−gas model gets an effective gas mileage of 22 MPG and sells for 22,000. Assuming you drive 15,000 miles a year, which of the two cars would be the more economical over ten...
Gas mileage actually varies slightly with the driving speed of a car (as well as with highway vs. city driving). Suppose your car averages 31 miles per gallon on the highway if your average speed is 54 miles per hour, and it averages 29 miles per gallon on the highway if your average speed is 69 miles per hour. Answer parts (a) and (b) below. a. What is the driving time for a 3000-mile trip if you drive at an...
Suppose the car (van, SUV) you drive gets 25 miles/gallon. If you drive 19,000 miles per year how many tons of the green house gas CO2 are you releasing each year? Assume your fuel is octane (C8H18) and the combustion reaction is balanced: C8H18 + 12.5 O2 → 8 CO2 + 9 H2O Addition information: Density of octane = 0.700 g/mL 1 gallon = 3785 mL 1 pound = 454 g 1 ton = 2000 lbs