Which of the Following Would Shift the Supply Curve for Gasoline

question 40

Multiple Choice

Which of the following would shift the supply curve for gasoline to the right?

• A) An increase in the demand for gasoline.
• B) An increase in the price of gasoline.
• C) An increase in the number of producers of gasoline
• D) An increase in the price of oil,an input into the production of gasoline.

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Definitions:

Number of Predictors

The total count of independent variables used in statistical models to predict an outcome.

Model Fit

The extent to which a statistical model describes the observed data effectively.

Dummy Variables

Variables used in regression analysis to represent categorical data, allowing such data to be included in statistical models.

Qualitative Variable

A variable that expresses descriptive attributes and can be categorized based on traits and characteristics rather than numerical values.