Use the Figure Below to Answer the Following Question(s)

question 385

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 3-14
-Refer to Figure 3-14. The gasoline market was initially in equilibrium at point

• A) r.
• B) s.
• C) t.
• D) u.
• E) Other things constant, a decrease in the price of crude oil, an important ingredient used to produce gasoline, would likely move the equilibrium in this market toward point

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