Question

An increase in the price of gasoline will

Shift the gasoline supply curve to the right.
Shift the gasoline demand curve to the right.
Shift the automobile supply curve to the left.
Shift the automobile demand curve to the left.

Answer 1

Shift the gasoline supply curve to the right.

Step-by-step explanation:

in economy , A shift to the right in supply curves indicates that the supply of the product increased, a shift to the left indicates that the supply of the product decreased.

When the price of gasoline increases, the amount of profit that the sellers can obtain by selling the product also increased. This encouraged them to supply more of that product in the market.