Asked by
Letícia Cordeiro
on Oct 12, 2024
Verified
A shift in the supply curve for gasoline in the United States would result if
A) significantly more people decided to use mass transit rather than travel by automobile.
B) the price of gasoline increased.
C) the price of automobiles fell dramatically.
D) None of the choices are correct.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good suppliers are willing to sell.
Mass Transit
Public transportation systems that move large numbers of people within urban and suburban areas.
Price of Gasoline
The cost per unit volume of gasoline, typically measured in dollars per gallon or liters.
- Gain an insight into how technological innovations and production expenditures affect supply levels.
Verified Answer
YG
Learning Objectives
- Gain an insight into how technological innovations and production expenditures affect supply levels.