Other things equal, which of the following would NOT shift the supply curve for gasoline? Select one: a. an increase in the price of gasoline. b. an improvement in refining techniques that allows more gasoline to be squeezed out of a barrel of crude oil c. a fall in the price of crude oil (from which gasoline is refined) d. an increase in the wages paid to people working in oil refineries.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Process
Section: Chapter Questions
Problem 12CQ
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 Other things equal, which of the following would NOT shift the supply curve for gasoline?
Select one:
a.
an increase in the price of gasoline.
b.
an improvement in refining techniques that allows more gasoline to be squeezed out of a barrel of crude oil
c.
a fall in the price of crude oil (from which gasoline is refined)
d.
an increase in the wages paid to people working in oil refineries.
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