A shift in the supply curve for gasoline in the United States would result if

Question

Quizplus · Accepted Answer

All of the choices would cause a shift in the supply curve for gasoline in the United States.

A 50-cent tax on gasoline would increase the cost of production for gasoline suppliers and thus decrease the quantity of gasoline suppliers would be willing and able to supply, resulting in a leftward shift in the supply curve.

If Congress and the president allowed oil to be drilled in previously restricted areas, the supply of oil in the market would increase, causing a rightward shift in the supply curve for gasoline.

Discovering new methods for recovering oil from wells previously considered dried up would also increase the supply of oil and cause a rightward shift in the supply curve for gasoline.

A Shift in the Supply Curve for Gasoline in the United