Assume that the graphs show a competitive market for the product stated in the question. 
Select the graph above that best shows the change in the market for gasoline, when the price of oil, which is used to produce gasoline, increases because of reduced production by major oil-producing nations.
Definitions:
Activity Levels
A measure of the amount of work or action in a particular context, such as in a business or exercise program.
Slack Season
A period during which demand for a business's products or services decreases, often leading to lower sales.
Procedures
Established methods or sequences of actions for conducting operations or processes within an organization or activity.
Policies
Guidelines and principles that govern the operations and decisions of an organization.
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