(Figure: Shifts in Demand and Supply II) Use Figure: Shifts in Demand and Supply II. The figure shows how supply and demand might shift in response to specific events. Suppose vast new oilfields are discovered offshore of Washington state, so that gasoline prices fall. Which panel BEST illustrates how this development will affect the market for luxury sport utility vehicles? 
A) A
B) B
C) C
D) D
Correct Answer:
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Q145: (Figure: Shifts in Demand and Supply) Use
Q146: (Figure: Shifts in Demand and Supply) Use
Q147: (Figure: Shifts in Demand and Supply) Use
Q148: (Figure: Shifts in Demand and Supply II)
Q149: (Figure: Shifts in Demand and Supply II)
Q151: (Figure: Shifts in Demand and Supply II)
Q152: (Figure: Shifts in Demand and Supply III)
Q153: (Figure: Shifts in Demand and Supply III)
Q154: (Figure: Shifts in Demand and Supply III)
Q155: (Figure: Shifts in Demand and Supply IV)
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