In the talk on gasoline subsidies, prof. Favennec reports that increasing the price of gasoline and decreasing subsidies could cause1 pointSocial unrestsCuts in supplies of gasolineShift of demands to dieselAll of the above

Cause: The Government has recently increased its takes on Petrol and diesel by about 10%.Which of the following can be a possible effect of the above cause? Petroleum companies will reduce the prices of petrol and diesel by about 10%Petroleum companies will increase the price of petrol and diesel by about 10%Petroleum companies will increase the prices of petrol and diesel by about 5% None of the above

Just before the Persian Gulf War, suppliers of gasoline held back the supply of gasoline they were willing to sell. This action was an example of which of the determinants of supply?A.Government actionsB.Number of sellersC.Resource PricesD.Prices of other goodsE.Expectations

Which of these is the most likely consequence of falling petroleum prices?A.Increased interest in oil explorationB.Increased demand for electric carsC.More sales of traditional, large carsD.Less interest in public transportation

The market for gasoline in the United States was impacted significantly in 2005 by a leftward shift in _____ attributed to an act of _____.Multiple choice question.supply; naturesupply; governmentdemand; naturedemand; government

7  In 2011 the US Government declared that the country must increase the manufacture of fuel from crops such as corn that have previously only been used for food.What is likely to happen in the market for corn?1 pointA a movement along the demand curve for cornB a movement along the supply curve for cornC a shift to the left in the demand curve for cornD a shift to the left in the supply curve for corn