Ask Question
14 February, 10:27

Gasoline prices above $3 per gallon have affected what enterprise rental car co. can charge for various models of rental cars. suvs are $37 with one-day return and subcompacts are $41 with one-day return. why would the equilibrium price of suvs be lower than the equilibrium price of subcompacts?

+2
Answers (1)
  1. 14 February, 10:36
    0
    Because gas price increases drive people to rent smaller, more fuel-efficient cars, there would be an increase in demand that would raise the equilibrium price.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Gasoline prices above $3 per gallon have affected what enterprise rental car co. can charge for various models of rental cars. suvs are $37 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers