Business, 06.04.2021 22:30 kennyg02

An engine getting roughly twice the miles per gallon as most older engines is invented and marketed. 1. Demand
a) increases
b) decreases
c) stays the same

2. Supply
a) Increases
b) Decreases
c) Stays the same

3. Quantity bought and sold
a) Increases
b) Decreases
c) Stays the same

4. Price per gallon
a) Increases
b) Decreases
c) Stays the same

B. A strike stops all public transportation in a large city.

1. Demand
a) Increases
b) Decreases
c) Stays the same

2. Supply
a) Increases
b) Decreases
c) Stays the same

3. Quantity bought and sold
a) Increases
b) Decreases
c) Stays the same

4. Price per gallon
a) Increases
b) Decreases
c) Stays the same

C. Fires shut down three major oil refineries.

1. Demand
a) Increases
b) Decreases
c) Stays the same

2. Supply
a) Increases
b) Decreases
c) Stays the same

3. Quantity bought and sold
a) Increases
b) Decreases
c) Stays the same

4. Price per gallon
a)Increases
b) Decreases
c) Stays the same

D. New oil reserves are discovered in Alaska.

1. Demand
a) Increases
b) Decreases
c) Stays the same

2. Supply
a) Increases
b) Decreases
c) Stays the same

3. Quantity bought and sold
a) Increases
b) Decreases
c) Stays the same

4. Price per gallon
a) Increases
b) Decreases
c) Stays the same

E. China doubles its use of cars from previous year.

1. Demand
a) Increases
b) Decreases
c) Stays the same

2.Supply
a) Increases
b) Decreases
c) Stays the same

3. Quantity bought and sold
a) Increases
b) Decreases
c) Stays the same

4. Price per gallon
a) Increases
b) Decreases
c) Stays the same

F. U. S. government authorizes $20 billion to help people buy fuel-efficient cars.

1. Demand
a) Increases
b) Decreases
c) Stays the same

2. Supply
a) Increases
b) Decreases
c) Stays the same

3. Quantity bought and sold
a) Increases
b) Decreases
c) Stays the same

4. Price per gallon
a) Increases
b) Decreases
c) Stays the same

Answers: 3

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