If the input costs associated with supplying gasoline increases in Wisconsin, the supply of gasoline will decrease in Wisconsin.

Question

Quizplus · Accepted Answer

If input costs increase, such as the cost of crude oil or transportation, it becomes more expensive for suppliers to produce and distribute gasoline. As a result, suppliers may choose to produce and supply less gasoline in order to maintain their profits or avoid losses. This would decrease the supply of gasoline in Wisconsin.

If the Input Costs Associated with Supplying Gasoline Increases in Wisconsin