Figure: Shifts in Demand and Supply II
(Figure: Shifts in Demand and Supply II) Look at the figure Shifts in Demand and Supply II.The figure shows how supply and demand might shift in response to specific events.Suppose that vast new oilfields are discovered offshore of California, and thus gasoline prices fall.Which panel best describes how this will affect the market for sport utility vehicles, a complement to gasoline?
A.panel A
B.panel B
C.panel C
D.panel D
Correct Answer:
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Q176: Figure: Shifts in Demand and Supply
Q177: Figure: Shifts in Demand and Supply II
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Q179: Figure: Four Markets for DVDs
(Figure: Four Markets
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