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  3. Study Set
    Principles of Macroeconomics Study Set 8
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    Exam 7: Consumers Producers and the Efficiency of Markets: Consumer Surplus
  5. Question
    Oil Is Used to Produce Gasoline
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Oil Is Used to Produce Gasoline

Question 90

Question 90

Multiple Choice

Oil is used to produce gasoline.If the price of oil increases,consumer surplus in the gasoline market


A) decreases.
B) is unchanged.
C) increases.
D) may increase,decrease,or remain unchanged.

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