There is an increase in the equilibrium price of gasoline, and an increase in the equilibrium quantity of gasoline. Which of the following would be consistent with these changes? a. A rightward shift in the supply curve of gasoline. b. A leftward shift in the supply curve of gasoline. c. A rightward shift in the demand curve for gasoline. d. A leftward shift in the demand curve for gasoline.

There is an increase in the equilibrium price of gasoline, and an increase in the equilibrium quantity of gasoline. Which of the following would be consistent with these changes? a. A rightward shift in the supply curve of gasoline. b. A leftward shift in the supply curve of gasoline. c. A rightward shift in the demand curve for gasoline. d. A leftward shift in the demand curve for gasoline.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 3CQQ

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