You have a job that requires you to drive 60 miles every day since your house is located 30 miles from your home. Recently the gas prices spiked since OPEC decide to reduce crude oil production and it became very expensive to drive. On top of that, you also have a gas guzzler truck. Fortunately, you took an economics course and you have a very good understanding of economic concepts to be able to make the best decision. Which of the below economic concepts would explain your situation the best? O moral hazard, adverse selection, opportunity cost, variable cost, average total costcapitation O elasticity, inelastic demand, short run versus long run, cartel, oligopoly, supply, demand, equilibrium price O invisible hand, division of labor, nash equilibrium, breakeven point, shutdown point O perfect competition, monopoly, monopolistic competition, monopsony, labor supply, labor demand, input prices