In recent days, the price of crude oil reached record highs, trading near $ 70 per barrel. This rise in price will be reflected in: Response option group a) A shift to the left in the demand for gasoline and an increase in its price. b) A shift to the left of the gasoline supply curve and an increase in its price. c) A shift to the right of the gasoline demand curve and an increase in its price. d) A shift to the right in the supply of gasoline and an increase in its price.

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