A rise in the oil price will
A) shift the supply curve of gas to the left.
B) shift the supply curve of gas to the right.
C) leave the supply curve of gas unchanged.
D) Not enough information is provided.
A
Economics
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Consumers maximize their total utility subject to a budget constraint if the
a. total utility is increasing and marginal utility decreasing b. dollar amount (value) spent on each good is the same c. total utility gained from each good is equal d. marginal utility of the last dollar spent on each good is equal e. total utility equals the total budget constraint
Economics
Which of the following is not a function of money?
a. Medium of exchange. b. Standard of deferred payment. c. Unit of account. d. Store of value. e. All of the above are functions of money.
Economics