Figure: Shifts in Demand and Supply IV
(Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose oil becomes more expensive.Which panel best describes how this will affect the market for gasoline, which is made from oil?
A.panel A
B.panel B
C.panel C
D.panel D

Question

Figure: Shifts in Demand and Supply IV
   (Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose oil becomes more expensive.Which panel best describes how this will affect the market for gasoline, which is made from oil? 
A.panel A
B.panel B
C.panel C
D.panel D

Quizplus · Accepted Answer

The Answer of Figure: Shifts in Demand and Supply IV
   (Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose oil becomes more expensive.Which panel best describes how this will affect the market for gasoline, which is made from oil? 
A.panel A
B.panel B
C.panel C
D.panel D