Today's supply curve for gasoline could shift in response to a change in

Question

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The supply curve for gasoline represents the relationship between the price of gasoline and the quantity supplied, while a change in the expected future price of gasoline could affect the decisions of producers to supply gasoline today. Therefore, the supply curve for gasoline could shift in response to changes in expectations about future prices. Changes in today's price of gasoline or the number of buyers will affect the quantity supplied at each price point along the existing supply curve, but they will not shift the curve itself.

Today's Supply Curve for Gasoline Could Shift in Response to a Change