Which Statement Is Consistent with the Study Reported in the Evidence-Based

Which statement is consistent with the study reported in the Evidence-Based Economics element in this chapter?

A) The relatively low quantity of gasoline demanded in Brazil explains why its government taxes gasoline heavily.
B) The relatively modest quantity of gasoline demanded in Mexico explains why the gasoline price in Mexico is between that of Brazil and Venezuela.
C) The very low gasoline price due to large subsidies explains why more gasoline is consumed in Venezuela than in other countries.
D) The very high gasoline price due to high taxes explains why more gasoline is consumed in Mexico than in Brazil.

Correct Answer:

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