Which of the Following Will Occur If the Supply Curve

question 42

Multiple Choice

Which of the following will occur if the supply curve for gasoline shifts to the left?

• A) The demand for gasoline will shift to the left as people demand less gasoline.
• B) The price of gasoline will rise, and the quantity demanded will fall.
• C) The price of gasoline will fall, and the quantity demanded will rise.
• D) Nothing will happen to the quantity of gasoline used because people are addicted to gasoline.

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Definitions:

Confirm The Claim

To validate or substantiate a statement or assertion through evidence or demonstration.

Suspend Judgment

Refers to deliberately withholding one's evaluation or conclusion about something until enough evidence is gathered.

Healthy Sense Of Skepticism

A healthy sense of skepticism involves critically evaluating information and claims before accepting them as true, based on evidence and logical reasoning.

Disconfirm The Claim

The act of providing evidence or reasoning that challenges or refutes a particular assertion or belief.