The market for gasoline in the United States was impacted significantly in 2005 by a leftward shift in _____ attributed to an act of _____.Multiple choice question.supply; naturesupply; governmentdemand; naturedemand; government

Events in the U.S. market for gasoline in the latter half of 2005 produced a _____ equilibrium price and a _____ equilibrium quantity.Multiple choice question.lower; higherlower; lowerhigher; higherhigher; lower

Consider the market for petrol. Which of the following changes would most likely lead to a decrease in supply?Group of answer choices(a) An increase in the price of petrol cars.(b) The cost of oil refinery increases.(c) A war in Iraq damages over 600 oil wellsBoth b and c are correctNone of the options in this list.

Which of these is the most likely consequence of falling petroleum prices?A.Increased interest in oil explorationB.Increased demand for electric carsC.More sales of traditional, large carsD.Less interest in public transportation

Multiple Choice QuestionWhat accounts for 40 percent of the oil consumption in the United States?Multiple choice question.Subway cars and trainsThe production of solar cellsAutomobiles and light trucksLawn mowers and tractors

How might a government cause a demand shift to the right?Multiple ChoiceBy increasing taxesBy requiring consumers to purchase certain productsBy regulating suppliesBy causing a shift in consumer tastes