Multiple Choice
Hurricane Arthur interrupted shipments of crude oil to refineries in eastern Canada.In the market for gasoline,
A) the supply curve shifted to the left, resulting in an increase in the equilibrium price.
B) the supply curve shifted to the right, resulting in an increase in the equilibrium price.
C) the demand curve shifted to the left, resulting in a decrease in the equilibrium price.
D) the demand curve shifted to the right, resulting in an increase in the equilibrium price.
Correct Answer:
Verified
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