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:
World Cup
An international football (soccer) competition held every four years among the national teams of FIFA member countries.
Behavioral Economists
Economists who study the impacts of psychological, cognitive, emotional, cultural, and social factors on economic decisions made by individuals and institutions.
Behavioral Economics
An area of economics that incorporates insights from psychology to understand decision-making and economic behavior that deviates from classical economic theories.
Job Offer
A proposal made by an employer to a potential employee detailing the terms of employment, including position, salary, and benefits.
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