Which of the following shifts the supply curve for gasoline rightward?

Question

Quizplus · Accepted Answer

A decrease in the price of a resource used to produce gasoline, such as crude oil, would lower the cost of production, leading to an increase in the supply of gasoline and shifting the supply curve rightward. The other choices would not directly affect the supply curve for gasoline in the same way. A) would increase demand for gasoline, but not necessarily supply, leading to a movement along the supply curve, not a shift. C) would not affect the supply, but rather the demand for gasoline. D) describes a shortage, which would put upward pressure on the price of gasoline but does not directly affect the supply curve.

Which of the Following Shifts the Supply Curve for Gasoline