carrieelizabeth
Answered

if the amount of gasoline available for sale suddenly drops for some reason, but the amount people want to consume remains unchanged, what will happpen to gasoline prices?

ATHEY WILL RISE
BTHEY WILL FALL
CTHEY WILL REMAIN UNCHANGED
DTHERE IS NO WAY TO DETERMINE WHAT WILL TAKE PLACE

Verified Answer :

jzakoian

If supply decreases and demand remains stable, the price mechanically moves up since richer people are ready to pay more to get gasoline.
Of course companies selling gasoline want to maximize their profit so they will increase the price.
Right answer is A.
Cthey will remain the same

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