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The only demand that will become high when petrol prices rise is the demand for fuel-efficient cars.
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∙ 11y ago
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Why does s government sometimes ration a good?
Because there is a shortage of that good. Meaning the quantity demand surpasses the quantity supplied at the price offered... The demand is too high.
What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
When did they pack kraft processed cheese in wooden boxes?
1921 - demand was so high that they made 15,000 boxes per day
What is a possible explanation for the high unemployment rate between 2008 and 2012?
Low demand for products resulted in fewer job opportunities
Why do African countries export unprocessed raw materials to developed countries?
Good for the countries in terms of $$$$..but long term may cause a shortage in supply when demand high and developed countries pay less $$$ for it apparently African states export unprocessed raw materials because industry not gud enough in community.
Why is petrol now the same price as diesel in the UK?
Gasoline is a necessary commodity, and the people who refine oil into gasoline and sell it set the price however high they want to. Because demand for fuel is so high, they can set a high price for both petrol and diesel because they know that people will pay for the necessary gasoline for their vehicles.
Why high octane petrol gives more mileage?
High octane gasoline (petrol) only provides better fuel mileage in vehicles that require the high octane. In a normal engine running higher octane provides no benefit.
Which fraction of petroleum is in very high demand?
Fule (oil disile ) 250-350
Which produces more pollution petrol engine vehicles or diesel engine vehicles?
Diesel Engine. Due to high caloric value it gives more high milage but it creates pollutions due to incomplete burningg of some gases.
Explain law of demand?
Law of demand is an important law of economics. It establishes a relationship between price and demand.other things renaming the same when the price of commodity falls its demand will go up likewise,when the price of the commodity rises its demand will fall price and demand moves in opposite direction.there is inverse relationship between demand and price.in other words low price high demand high price low demand.
Why are the corn prices coming down so much?
Corn prices are declining because the demand is not as high anymore. Usually the relationship between supply and demand will determine how prices of a certain item rises and falls.
When petrol is mixture?
Petrol contain a high number of components.
Will a cashier be in high demand or low demand?
it will be in high demand
What auto salvage parts bring the highest dollar?
The highest money in auto parts comes from high-end, in demand, rare automobiles such as Mercedes-Benz parts. Also, older vehicles that no longer have parts made for them are also in high demand and bring in top dollar.
When a stortage exists in a market and price?
rises, it means that there is high demand for a product or service but limited supply. The increase in price serves as a signal to suppliers and encourages them to increase production to meet the demand. However, if the shortage persists, it can lead to prolonged high prices and potential imbalances in the market.
Is being a pediatrician high or low demand?
HiGh demand.
Why petrol cost more than fuel oil?
Petroleum is the same exact thing as Fuel. A Barrel of oil is about 50 Gallons of fuel ( Approx.) 23 Gallons out of the Barrel is going towards your car. Demand is what is keeping the price very high. Actually here in the U.S. Fuel oil is more expensive than gasoline(petrol). And it is seasonal depending on supply and demand.
