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The World View article, featured in Chapter 3 of the text, titled Gas Prices Jump in WAKE OF SAUDI ATTACK suggests gasoline prices increased as
The World View article, featured in Chapter 3 of the text, titled "Gas Prices Jump in WAKE OF SAUDI ATTACK" suggests gasoline prices increased as a result of damage caused by drone strikes. When the availability of gasoline decreases as a result of this damage, the supply curve shifts to the left, causing A. a surplus to exist at the original equilibrium price. B. consumers to pay lower prices as they decide to drive less. C. the price of gasoline to move up along the market demand curve. D. the price of gasoline to move up along the market supply curve
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