13. As a result of what you said in questions 10 and 11, what happens to the price of oil? a. It increases b. It decreases c. It is unchanged d. Impossible to say 14. In this scenario of reduced refinery capacity, what direct effect is there on the supply curve for gasoline? a. It moves leftward b. It moves rightward c. It is unchanged d. Impossible to say 15. In this scenario of reduced refinery capacity, what direct effect is there on the demand curve for gasoline? a. It moves leftward b. It moves rightward c. It is unchanged d. Impossible to say 16. As a result of what you said in questions 14 and 15, what happens to the quantity of gasoline produced and sold? a. It increases b. It decreases c. It is unchanged d. Impossible to say 17. As a result of what you said in questions 14 and 15, what happens to the price of gasoline? a. It increases b. It decreases c. It is unchanged d. Impossible to say 18. Which was true about the price of oil and the price of gasoline? a. They both moved the same direction b. They moved in opposite directions c. One moved, the other didn'tInvestment in refineries has been neglected - both the construction of new refineries, and the maintenance of existing ones. As a result, there is not as much capacity as there used to be for turning oil into gasoline. 10. In the oil market, what direct effect is there on the supply curve? a. It moves leftward b. It moves rightward c. It doesn't move 1 1. In the oil market, what direct effect is there on the demand curve? a. It moves rightward b. It moves leftward c. It doesn't move 12. As a result of what you said in questions 10 and 11, what happens to the quantity of oil produced and sold? a. It increases b. It decreases c. It is unchanged d. Impossible to say