-The Above Figures Show the Market for Gasoline

question 103

Multiple Choice

-The above figures show the market for gasoline. Which figure shows the effect of an increased preference for cars that are smaller and more fuel efficient?

• A) Figure A
• B) Figure B
• C) Figure C
• D) Figure D

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Definitions:

Railroads

Transportation systems consisting of tracks on which trains travel to carry goods and passengers over long distances.

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by major social, economic, and technological changes worldwide.

Standard Oil

A major American company founded by John D. Rockefeller and associates, dominating the oil industry and later broken up due to antitrust laws.

Petroleum Industry

The sector involved in the exploration, extraction, refining, transportation, and marketing of petroleum products.