Which of the Following Shifts the Supply Curve for Gasoline

question 167

Multiple Choice

Which of the following shifts the supply curve for gasoline rightward?

• A) a situation in which the quantity demanded exceeds the quantity supplied
• B) an increase in the price of gasoline
• C) a decrease in the price of a resource used to produce gasoline, such as crude oil
• D) an increase in the demand for gas-guzzling, sport utility vehicles

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Definitions:

Clairvoyance

The alleged ability to gain information about an object, person, location, or physical event through extrasensory perception.

Psychometry

The claimed psychic ability to discover facts about an event or person by touching inanimate objects associated with them.

Ganzfeld Procedure

A technique used in parapsychology to test individuals for extrasensory perception (ESP) by inducing a state of sensory deprivation.

ESP

Stands for Extrasensory Perception, a claimed ability to gain information without the use of the known five senses or logical inference.