Question

Between 1973 and the early 1990s, consumers responded to:

Select one:

a. low oil prices by buying large cars, trucks, and SUVs that were not fuel-efficient.

b. high oil prices by agreeing to cap-and-trade policies to limit the use of oil.

c. low oil prices by using other types of energy.

d. high oil prices by buying small, fuel-efficient cars.

Answer 1

• Option d is the answer  
• High oil prices by buying small, fuel-efficient cars.
• During the 1973 oil crisis, a new form of energy usage had started. Countries with oil reserves started using it as an "oil weapon". The price of oil went as high as 400% of its prior price. Alternative sources of oils were researched and renewable energy resources were highlighted. Along with this, the automobile sector witnessed an important change. Wide use of four-cylinder engine was encouraged and fuel efficient cars were in market.