7) If the price of petrol decreases, what will be the impact in the market for public transportation? A) The demand curve for public transportation shifts to the right. B) The quantity of public transportation demanded increases. C) The demand curve for public transportation shifts to the left. D) The quantity of public transportation demanded decreases.
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When the price of petrol decreases, it becomes cheaper for people to drive their own vehicles compared to when petrol prices are high. This is because the cost of operating a vehicle decreases, making driving more attractive financially. Show more…
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