The Effect on the Market for Heating Oil of a Leftward

question 216

Multiple Choice

The effect on the market for heating oil of a leftward shift of supply would be

• A)a shortage of heating oil.
• B)a surplus of heating oil.
• C)a decrease in the quantity of heating oil sold and in its price.
• D)an increase in the price of heating oil and a decrease in the quantity sold.

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Definitions:

Self-determination Theory

A theory of motivation that suggests people are most motivated when they feel autonomous, competent, and related to others.

Human Agency

The capacity of individuals to act independently and make their own free choices.

Personal Agency

The ability of people to operate autonomously and make choices freely.

Proxy Agency

The theory or capacity of individuals or groups to act on behalf of others or represent others in certain capacities or decision-making processes.