8 Quantlty (gallons of gas olaas of gasa 24) The above figures show the market f

Question

8 Quantlty (gallons of gas olaas of gasa 24) The above figures show the market for gasoline. Which figure(s) shows the effect of a nation-wide strike by municipal bus drivers, which causes more people to drive thekx cars to work? 24 A) Figure A B) Figure B C) Figure C D) Pigure Nominal GDP Re Year (billions of dollars) 5,200 5,500 5,750 (billions of GDP deflator 2000 dollars) 2004 2005 4,800 112. 2006 5,000 What is he above table gives the real and nominal GDP or a hypothetical nation. flator for 2004 A) 105.2 C) 1083 B) 109.6

Explanation / Answer

Since there is a nation-wide strike by Municipal bus drivers which has made more people to drive their car to work therefore this will result in increase in the Demand for Gasoline in the market while the supply of gasoline will remain to be constant (Because the supply of Gasoline cannot be increased in such a short span)

And whenever there is increase in demand assuming supply to be constant leads to a rightward shift in the demand curve.
This we can easily see in the Figure A wherein the demand curve is shifting rightward from D1 to D2.

ANSWER: Option A

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