Assume There Is a Reduction in the Shipments of Petroleum

question 17

Multiple Choice

Assume there is a reduction in the shipments of petroleum products due to political tension in the Persian Gulf.Which of the following would not be expected to happen?

• A)Oil companies would "ration" their supplies of gasoline by raising price.
• B)There would be a shortage of the original equilibrium price.
• C)Quantity demanded would decrease.
• D)The demand curve would shift to the left.

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Definitions:

Psychological Disorders

Patterns of behavioral or psychological symptoms that impact multiple areas of life and/or create distress for the person experiencing these symptoms.

Systematic Desensitization

A therapy technique used to overcome phobias and anxiety disorders by gradually exposing the patient to the feared object or context without any danger, in order to overcome their anxiety.

Deep Relaxation

A state of physical and mental calm, often achieved through techniques such as meditation, controlled breathing, or progressive muscle relaxation.

Aversive Conditioning

A behavioral modification technique involving the use of unpleasant stimuli to reduce or eliminate undesirable behaviors.