Multiple Choice
Use the figure below to answer the following question(s) .
Figure 3-14
-Refer to Figure 3-14. The gasoline market was initially in equilibrium at point
A) r.
B) s.
C) t.
D) u.
E) Other things constant, a decrease in the price of crude oil, an important ingredient used to produce gasoline, would likely move the equilibrium in this market toward point
Correct Answer:

Verified
Correct Answer:
Verified
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