In early 2008 the price of gasoline increased 50 percent. This change caused
A) a movement up along the gasoline supply curve.
B) the supply of gasoline to increase.
C) the supply curve for UPS shipping services to shift rightward.
D) the supply of UPS shipping services to decrease.
Correct Answer:
Verified
Q442: What is the law of demand?
Q452: Explain why a relative price is an
Q455: What is the difference between a money
Q459: Computers are a complement to computer software.
Q460: Consumers' income declines and, as a result,
Q462: At prices above the equilibrium price, what
Q466: When does a surplus occur?
Q480: What is the effect on the price
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents