If the Price of Crude Oil (An Input to the Production

question 135

Multiple Choice

If the price of crude oil (an input to the production of gasoline) decreases,then we will expect to see

• A) a movement along the supply curve for gasoline upwards.
• B) a movement along the supply curve for gasoline downwards.
• C) a shift in the supply of gasoline to the left.
• D) a shift in the supply of gasoline to the right.

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Definitions:

Attract Capital

The process or strategy employed by organizations to secure investment or funding from external sources.

Large Company

A corporation or business entity that has a substantial revenue, number of employees, or market share.

Harvest

In business, the process of realizing or extracting value from an investment, practice, or venture, often used in reference to the selling or exiting phase.

Value Created

The increase in worth that is generated through the operations or activities of a company or organization.