Multiple Choice
Oil refiners can vary the mix of gasoline versus diesel fuel derived from a barrel of oil. If the price of diesel fuel increases relative to the price of gasoline:
A) supply of gasoline will shift to the right.
B) supply of gasoline will shift to the left.
C) supply of both diesel fuel and gasoline will shift, but in opposite directions.
D) supply of diesel fuel will shift to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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