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Unformatted text preview: B), an increase in the price of gasoline. C), a decrease in the price of a resource used to produce gasoline, such as crude oil. D), an increase in the demand for gas-guzzling, sport utility vehicles. 3, If the price of lumber rises, then in the market for sawdust which is a complement in production, A) the supply curve of sawdust shifts leftward. B) the supply curve of sawdust shifts rightward. C) there is a movement downward along the supply curve for sawdust. D) there is a movement upward along the supply curve for sawdust. 4, If the quantity of cars supplied is 12,000 per year and the quantity of cars demanded is 10,000 per year, there is a ________ in the market and the price will ________. A) shortage; rise B) shortage; fall C) surplus; rise D) surplus; fall THE END 2...
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This test prep was uploaded on 04/19/2008 for the course ECON 200 taught by Professor Newton during the Spring '08 term at Ohio State.
- Spring '08