History

12 July, 08:41

A major hurricane shut down many coastal oil refineries, decreasing the supply of gasoline. Given the laws of supply and demand, how would you expect the price of gasoline to change?

The price will not change.

The price will go down because the supply has increased.

The price will go up because of the reduced supply.

The price will go down because there will be less demand for it.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A major hurricane shut down many coastal oil refineries, decreasing the supply of gasoline. Given the laws of supply and demand, how would ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

In a true free enterprise system, which group has no control over the economy? a.) consumers b.) bankers c.) government d.) workers

Which natural resources were most important for trade in the african kingdoms of ghana, mali, and songhai from about 900 to 1500 c. e.? a. timber and copper b. spices and jade c. salt and gold d. oil and silver

Who coined the name for the United Nations? a. Joseph Stalin b. Harry Truman c. Winston Churchill d. Franklin d. Roosevelt

In which ways can voters cast ballots?

The us president at the start of the mexican-american war was james ...

New Questions in History

The escalation of the Vietnam War is attributed to President A. Dwight d. Eisenhower. B. Lyndon b. Johnson. C. Richard M. Nixon. D. John F. Kennedy.

Drove the Philistines out of Israel and move capital to Jerusalem

Should the government adopt a more socialist or capitalist style of economy

Which Native American group lived as nomads following the buffalo herds?

Which presidential candidate achieved national celebrity status as an advocate of consumer protection laws?