Cause: The Government has recently increased its takes on Petrol and diesel by about 10%.Which of the following can be a possible effect of the above cause? Petroleum companies will reduce the prices of petrol and diesel by about 10%Petroleum companies will increase the price of petrol and diesel by about 10%Petroleum companies will increase the prices of petrol and diesel by about 5% None of the above

Which of these is the most likely consequence of falling petroleum prices?A.Increased interest in oil explorationB.Increased demand for electric carsC.More sales of traditional, large carsD.Less interest in public transportation

Consider the market for petrol. Which of the following changes would most likely lead to a decrease in supply?Group of answer choices(a) An increase in the price of petrol cars.(b) The cost of oil refinery increases.(c) A war in Iraq damages over 600 oil wellsBoth b and c are correctNone of the options in this list.

Petrol and bicycles are substitutes in consumption. Suppose we increase the petrol tax to R10 per litre. What are the secondary changes that result from the petrol tax as these markets adjust to a new general equilibrium? A. Bicycle price declines, demand for petrol shifts rightward. B. Bicycle price rises, demand for petrol shifts rightward. C. Bicycle price declines, demand for petrol shifts leftward. D. Bicycle price rises, demand for petrol shifts leftward.

In the talk on gasoline subsidies, prof. Favennec reports that increasing the price of gasoline and decreasing subsidies could cause1 pointSocial unrestsCuts in supplies of gasolineShift of demands to dieselAll of the above

Consider the market for petrol. Which of the following changes would most likely lead to an increase in the demand for petrol? [Tick the best answer] Group of answer choices A decrease in the price of petrol cars. A decrease in the cost of public transport fares. An increase in income if private car travel is a normal good. Both a and b are correct. Both a and c are correct