9708/12 Economics Oct Nov 2022 Online Test | Cambridge AS and A Level MCQ
A refinery which processes oil into petrol (gas) is faced with the following conditions.
1 It is working at full capacity.
2 Its petrol storage tanks are full.
3 It has received delivery of a new fleet of petrol tankers to transport its petrol.
4 It requires six months to train new workers to qualify in safety procedures.
Which of the conditions will tend to make the supply of petrol relatively price…