Because of the High Cost of Fuel, Railroads Such as Union

question 15

Multiple Choice

Because of the high cost of fuel, railroads such as Union Pacific Corp and CSX Corp have increased the price they charge to haul freight. This change means that the

• A)demand curve for hauling freight has shifted leftward.
• B)supply curve for hauling freight has shifted leftward.
• C)demand curve for hauling freight has shifted rightward.
• D)supply curve for hauling freight has shifted rightward.
• E)neither the supply curve nor the demand curve for hauling freight has shifted; the only change is that the price is higher.

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