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If the Price of Crude Oil (An Input to the Production

Question 159

Multiple Choice

If the price of crude oil (an input to the production of gasoline) decreases, then we will expect to see:


A) a shift in the supply of gasoline to the left.
B) a movement along the supply curve for gasoline downwards.
C) a movement along the supply curve for gasoline upwards.
D) a shift in the supply of gasoline to the right.

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