Multiple Choice
Which of the following shifts the supply curve for gasoline rightward?
A) an increase in the demand for gas-guzzling, sport utility vehicles
B) a decrease in the price of a resource used to produce gasoline, such as crude oil
C) an increase in the price of gasoline
D) a situation in which the quantity demanded exceeds the quantity supplied
Correct Answer:
Verified
Correct Answer:
Verified
Q2: When does a shortage occur?
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