Use the following to answer questions:
Figure: Shifts in Demand and Supply IV 
-(Figure: Shifts in Demand and Supply IV) Use Figure: Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose oil becomes more expensive.Which panel BEST describes how this will affect the market for gasoline,which is made from oil?
Definitions:
Competitive Advantages
Competitive advantages are attributes that allow a company to outperform its competitors, such as superior products, branding, or efficiency.
Marketing Strategies
Overall game plans designed to achieve marketing objectives, involving targeting, positioning, and the effective allocation of resources.
Competitors
Other businesses that offer similar products or services within the same market and vie for the same potential customers.
Triple Bottom Line
An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.
Q32: Labour and capital are the only two
Q66: (Table: The Demand for Chocolate-Covered Peanuts)Use Table:
Q97: (Figure: The Market for Candy)Use Figure: The
Q100: (Table: Pumpkin Market)There are two consumers,Andy and
Q106: (Figure: Producer Surplus and Supply)Look at the
Q137: The persistent unwanted surplus that results from
Q144: If the demand for tires goes down
Q184: (Figure: The Market for Candy)Use Figure: The
Q186: We are forced to make choices because
Q202: If Mary accepts a job as a