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Suppose that the graph below depicts demand and supply curves for gasoline. Which graph best represents the situation when co
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Answer #1

ANSWER IS B

In the high cost of production the supply will be less because of price.when cost of production decreases the producer can be increase the supply.lower cost will be result an increase in output.the curve will shift to outward (to the right ) so supplier will be sell more quantity at each price level

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