Use the following to answer question: 
-(Figure: Shifts in Demand and Supply IV) Use Figure: Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose oil becomes more expensive.Which panel BEST describes how this will affect the market for gasoline,which is made from oil?
Definitions:
Vertical Merger
The combination of two or more companies at different stages of production in the same industry.
Horizontal Merger
A business consolidation that occurs between firms operating in the same industry, often to increase market share.
Per Se Violation
A violation that is inherently illegal, without need for further examination of its effects or intentions, especially in antitrust law.
Conspiracy
An agreement between two or more parties to commit an unlawful act or to use unlawful means to achieve an otherwise lawful end.
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