Accurately describes the economics of the quotation

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The Wall Street Journal (newspaper) of September 9, 2016, reported on recent increases in the price of gasoline. The article stated "higher prices for gasoline are decreasing the demand for gasoline." Which of the following statements accurately describes the economics of the quotation? A. The quotation would be correct if "supply" was substituted for "demand." B. None of the other responses is correct. C. The quotation would be correct if "quantity demanded" was substituted for "demand." D. The quotation would be correct if "increasing the demand" was substituted for "decreasing the demand." E. The analysis in the quotation is correct.

Reference no: EM131239348

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