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Consider Gas Stations Where Customers Pay Inside Before They Pump

Question 145

Essay

Consider gas stations where customers pay inside before they pump gasoline.If they introduce a new technology where customers pay at the pump, thus decreasing production costs, there will be:
A.a shift to the right in the supply curve and lower gas prices.
B.a shift to the left in the supply curve and higher gas prices.
C.a shift to the right in the demand curve and higher gas prices.
D.a shift to the left in the demand curve and lower gas prices.

Correct Answer:

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a shift to the right...

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