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In Early 2008 the Price of Gasoline Increased 50 Percent

Question 423

Multiple Choice

In early 2008 the price of gasoline increased 50 percent. This change caused


A) a movement up along the gasoline supply curve.
B) the supply of gasoline to increase.
C) the supply curve for UPS shipping services to shift rightward.
D) the supply of UPS shipping services to decrease.

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