Use the Following to Answer Question(s): Demand and Supply of Gasoline

question 227

Multiple Choice

Use the following to answer question(s) : Demand and Supply of Gasoline

-(Exhibit: Demand and Supply of Gasoline) When the supply curve shifted from the initial equilibrium to the new intersection of supply and demand at a price of ________ and quantity of 400, this could have resulted from ________ .

• A) $1.50; an increase in consumers' income
• B) $1.50; an improvement in refining technology
• C) $2.00; an increase in the number of buyers
• D) A and B are true

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Definitions:

Terminal Bud

A growth located at the tip of a stem or branch, where new leaves and flowers can develop.

Zone of Cell Division

An area in plant roots or shoots where cells are actively dividing, contributing to growth in length.

Shoot Tip

The apex of the shoot of a plant, containing the apical meristem responsible for the plant's growth in length.

Pressure-flow Model

A hypothesis that explains how phloem sap (sucrose and other substances) moves through a plant from a source (where it's produced or stored) to a sink (where it's used or stored).