1. Tesla Auto Company announces that it will offer a $10,000 rebate on new charging stations for their cars starting effective immediately. As a result of this information, today's demand curve for Tesla's Model S

Select one:

a. shifts to the right

b. shifts to the left

c. will not shift; rather, the demand curve for Mustangs will shift to the right next month

d. will invert

2. When the price a good increases, the amount sold tends to decrease. This phenomenon is best described as:

Select one:

a. law of supply

b. law of one price

c. invisible hand

d. law of demand

e. law of scarcity

3. Which of the following events could shift the demand curve for gasoline to the right?

Select one:

a. Public service announcements are run on television, encouraging people to walk or ride bicycles instead of driving cars

b. Income of gasoline buyers rises, and gasoline is a normal good

c. Income of gasoline buyers rises, and gasoline is an inferior good

d. The price of gasoline falls