If the price of crude oil falls, the equilibrium price of gasoline ________ and the equilibrium quantity ________ ……?
Select ONE answer:
- Rises; decreases
- Falls; increases
- Rises; increases
- Falls; decreases
What is meant by the business objective of “cost efficiency”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This is multiple choice question is suitable for Economics KS5 classes.
The answer is 2
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