Solved

Use the Following to Answer Questions

Question 90

Multiple Choice

Use the following to answer questions:
Figure: Demand and Supply of Gasoline Use the following to answer questions: Figure: Demand and Supply of Gasoline   -(Figure: Demand and Supply of Gasoline)  Look at the figure Demand and Supply of Gasoline. What might cause the supply curve to shift from S<sub>2</sub> back to the initial supply curve S<sub>1</sub>? A) The Organization of Petroleum Exporting Countries (OPEC)  restricts the production of crude oil. B) OPEC increases the production of crude oil. C) U.S. citizens want to buy more gas. D) Technology in the refinement of gasoline greatly improves.
-(Figure: Demand and Supply of Gasoline) Look at the figure Demand and Supply of Gasoline. What might cause the supply curve to shift from S2 back to the initial supply curve S1?


A) The Organization of Petroleum Exporting Countries (OPEC) restricts the production of crude oil.
B) OPEC increases the production of crude oil.
C) U.S. citizens want to buy more gas.
D) Technology in the refinement of gasoline greatly improves.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents