Oil Refiners Can Refine a Barrel of Petroleum So That

question 155

Multiple Choice

Oil refiners can refine a barrel of petroleum so that it yields either more home heating oil or more diesel fuel.If the price of diesel fuel falls,there is

• A) an increase in the supply of home heating oil.
• B) a decrease in the supply of home heating oil.
• C) an increase in the quantity of home heating oil supplied.
• D) a decrease in the quantity of home heating oil supplied.
• E) an increase in the demand for home heating oil.