The unemployment rate is calculated by dividing the number of unemployed and looking for work by the sum of the number employed and the number unemployed and looking for work

Assume there is a reduction in the shipments of petroleum products due to political tension in the Persian Gulf. Which of the following would not be expected to happen?

A) Oil companies would "ration" their supplies of gasoline by raising price. B) There would be a shortage of the original equilibrium price. C) Quantity demanded would decrease. D) The demand curve would shift to the left.

Supply can shift due to changes in price

a. True b. False Indicate whether the statement is true or false