Which of the Following Events Will Cause a Leftward Shift

question 110

Multiple Choice

Which of the following events will cause a leftward shift in the supply curve of gasoline?

• A) A decrease in the price of gasoline
• B) An increase in the wage rate of refinery workers
• C) Decrease in the price of crude oil
• D) An improvement in oil refining technology
• E) all of the above

---

Definitions:

Service-Sponsored Retail Franchise System

A franchising model where franchisors provide a full range of services including brand, operational guidelines, and ongoing support to the franchisee, often seen in retail.

Customer-Generated Franchising System

A customer-generated franchising system is a business expansion model where customers or users help to develop or promote franchised outlets, potentially influenced by their loyalty or satisfaction with the brand.

Agent-Sponsored Wholesale Franchise System

A franchising model combining agent wholesaling and franchising to expand distribution and reach of products.

Intensive Distribution

A distribution strategy that aims to provide widespread availability of a product by stocking it in as many outlets as possible.