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What effect an increase in the price of petrol is likely to have on equilibrium price?
Wiki User
∙ 11y ago
an increase in the price of petrol will make the price of the car also increase.It will reduce the demand of the car and the demand and supply curve will shift to the left .The car and the petrol is compliment goods whereby it related to each other alike car cannot move without petrol and cannot play badmintion without a shuttle.
Wiki User
∙ 11y ago
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How do you use the word perceptible as an adjective?
The price increase has had no perceptible effect on petrol sales.
What events was likely caused by demand for oil?
bloody price increase in petrol as usual..
What will happen if we put 1 ratio 4 petrol and methanol mixture in petrol engine?
it will increase its performance
How can you increase fuel efficiency in a petrol engine?
Don't turn it on.
Petrol is a complementary product for car.How can increase in income will affect the demand for petrol if you know that a car is a normal good?
i dont knowhgfdgfhjjk
What is used to increase the anti-knocking property of petrol?
tetraethy lead
Does the price of oil affect the price of petrol?
Yes, petrol prices will move slightly to reflect the oil price, although in the UK the the oil cost is a very small part of the price per litre, tax and fuel duty makes up the majority of the cost. Also as petrol if produced through fractal distillation (separation of crude oil) the price of petrol is most likely to increase slightly through the price of oil.
Why petrol prices increase on Wednesday in South Africa?
because its mid-week
Which is used to increase the anti-knocking property of petrol?
tetra ethyl benzene
How to increase petrol or diesel sales at a retail outlet?
if the price if 1 ltr petrol is Rs 80, offer gift voucher worth Rs 80, free along with 1 ltr Petrol.
Does the changing of petrol price affect the rate of inflation?
The changing of petrol price affects the rate of inflation. When petrol price increases, it follows that the cost of production and transportation of most goods also increase.
What is Lowest rates of petrol in Arab?
Most likely Yemen or Lebonan.
