A More Efficient Process for Refining Oil into Gasoline Is

question 130

Multiple Choice

A more efficient process for refining oil into gasoline is developed. As a result, the market price of gasoline:

• A)​and the quantity of gasoline purchased both increase.
• B)​increases and the quantity of gasoline purchased falls.
• C)​decreases and the quantity of gasoline purchased rises.
• D)​decreases and the demand curve for gasoline shifts to the right.

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