The following factors can potentially Shift Up (Increase) the current total demand for gasoline, EXCEPT:

A	Increase in current income of consumers.
B	Increase in general weather temperatures.
C	Expected increase in the price of gasoline for the near future.
D	Decrease in the price of electricity.

The followingare correct descriptions about the Supply Curve, EXCEPT:

A	The Supply Curve represents the Maximum price the producer is able to charge to maximize profits.
B	The Supply Curve represents the Minimum price producers are willing to accept per unit produced in order to cover the marginal cost.
C	The Supply Curve reflects the segment of Increasing Marginal Cost of Production.
D	As the price for good x in the market increases, the quantity of supply for good x is also expected to increase.

The following are the reasons for why the Supply Curve has a positive slope (Law of Supply), EXCEPT:

A	Due to increasing marginal cost in productionof x as production of x increases.
B	Due to increasing cost of factors of production as production of good x increases.
C	Due to increasing profits coming from highermarket prices for good x.
D	Due to the entrance or less efficient producers as market price increases.

The following is the general condition for Producers to attain an OPTIMAL level of Production on a particular good X.

Notation here:

MBx : Marginal Benefit of production for X

MCx : Marginal Cost of production for X

Px* : Market Price for X

Question 4 options:

A	MBx = Px*
B	MCx < MBx
C	MCx < Px*
D	MCx =Px*

The following factors can potentially shift (up or down) the Supply Curve for a good X, EXCEPT:

A	Change in Cost of Inputs for production of good x.
B	Change in Market Price for good x
C	Change in Marginal of Production for good x.
D	Change in Producer's Expectations affecting good x.