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Question 133

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Use the following to answer questions:
Figure: Shifts in Demand and Supply II Use the following to answer questions: Figure: Shifts in Demand and Supply II   -(Figure: Shifts in Demand and Supply II) Use Figure: Shifts in Demand and Supply II.The figure shows how supply and demand might shift in response to specific events.Suppose vast new oilfields are discovered offshore of Newfoundland and gasoline prices fall.Which panel BEST describes how this will affect the market for sport utility vehicles,a complement in consumption of gasoline? A)  Panel (a)  B)  Panel (b)  C)  Panel (c)  D)  Panel (d)
-(Figure: Shifts in Demand and Supply II) Use Figure: Shifts in Demand and Supply II.The figure shows how supply and demand might shift in response to specific events.Suppose vast new oilfields are discovered offshore of Newfoundland and gasoline prices fall.Which panel BEST describes how this will affect the market for sport utility vehicles,a complement in consumption of gasoline?


A) Panel (a)
B) Panel (b)
C) Panel (c)
D) Panel (d)

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