Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions :
Figure: Shifts in Demand and Supply IV
-(Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV. The figure shows how supply and demand might shift in response to specific events. Suppose oil becomes more expensive. Which panel BEST describes how this will affect the market for gasoline, which is made from oil?

A) panel A
B) panel B
C) panel C
D) panel D