7/30/2017 4:16 PM -Refer to Situation 4-1.An Economist Would Have Most Likely Predicted

Multiple Choice

7/30/2017 4:16 PM

-Refer to Situation 4-1.An economist would have most likely predicted that the oil embargo imposed in 1974 would result in a

A) leftward shift in the supply (curve) of gasoline.
B) rightward shift in the supply (curve) of gasoline.
C) leftward shift in the demand (curve) for gasoline.
D) rightward shift in the demand (curve) for gasoline.
E) both a and d