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A rise in the demand for petrol by motorists is likely to follow a rise in the price of:
Suggested Answer: C
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28 comments · newest first
CL
Clement
8 months ago
True, but I still lean towards A) Steel. If steel prices rise, car manufacturing costs go up, impacting petrol demand indirectly.
FA
Fatima
8 months ago
D) Motor insurance could also be a factor. If insurance costs rise, people might drive less, affecting petrol demand.
CL
Cletus
8 months ago
I agree with B, people are buying more cars when prices go up!
KA
Kathrine
9 months ago
Wait, how does steel affect petrol demand? That’s a stretch!
OL
Olene
9 months ago
A rise in petrol demand from higher motor insurance? Sounds odd.
AL
Alpha
9 months ago
I think C) Public transport makes more sense, less people will use it.
LA
Lasandra
9 months ago
Haha, the correct answer is C) Public transport. Unless you're driving a tank, then the price of petrol doesn't really matter.
HE
Heidy
9 months ago
A) Steel? Really? I think the question is asking about the impact on consumer behavior, not the supply chain. Come on, people!
AL
Alex
9 months ago
D) Motor insurance, obviously. The higher the petrol prices, the more accidents there will be. Gotta protect yourself, you know?
SH
Sherell
10 months ago
I'd go with B) Second-hand cars. Who needs petrol when you can just push your car downhill?
DO
Dominque
10 months ago
Could it be motor insurance? I vaguely recall that if insurance costs go up, people might be more inclined to drive their cars more often.
DE
Denise
10 months ago
I practiced a similar question where the relationship between prices and demand was key. I guess steel doesn't really relate to petrol demand, right?
HE
Helene
10 months ago
The correct answer is C) Public transport. When the price of petrol rises, people are more likely to use public transportation as a cheaper alternative.
SH
Shaunna
10 months ago
I'm not entirely sure, but I feel like public transport might be the opposite; if it gets more expensive, people might drive more and need more petrol.
BR
Brent
10 months ago
Definitely B) Second-hand cars, more drivers on the road!
MA
Maira
11 months ago
I agree, but what about B) Second-hand cars? More cars on the road could increase petrol demand.
CA
Cathern
11 months ago
I think it's C) Public transport. Higher prices might push people to drive more.
LU
Ludivina
11 months ago
I think I remember something about how the demand for petrol might increase if second-hand cars become more expensive.
ST
Stevie
11 months ago
Hmm, I'm not sure. I know a rise in the price of a good usually leads to a decrease in demand, but I'm not sure how that applies here. I'll have to think it through carefully.
CA
Carmelina
12 months ago
I'm feeling pretty confident about this one. A rise in petrol prices would make driving more costly, so the demand for petrol should increase. The correct answer is C.
JE
Jennie
12 months ago
Okay, I got this. A rise in petrol prices would make driving more expensive, so people would likely switch to public transport instead. The answer has to be C.
EL
Ellsworth
12 months ago
I'm a bit confused on this one. I know it has something to do with the law of demand, but I'm not sure how to apply it to this specific scenario.
PA
Patrick
1 year ago
Hmm, this seems like a straightforward economics question. I'll need to think about how changes in the price of related goods affect demand.
PR
Precious
7 months ago
I agree with C) Public transport. It’s all about alternatives for motorists!
VA
Vallie
7 months ago
D) Motor insurance could impact driving habits too. Higher costs might deter some drivers.
KA
Kami
7 months ago
A) Steel seems unrelated to petrol demand. It’s more about transport options.
PA
Paulina
7 months ago
I’m leaning towards B) Second-hand cars. More cars on the road could increase petrol demand.
ED
Edna
7 months ago
I think it’s C) Public transport. If it gets more expensive, people might drive more.