Question

Just before the Persian Gulf War, suppliers of gasoline held back the supply of gasoline they were willing to sell. This action was an example of which of the determinants of supply? a Prices of other goods b Number of sellers c Expectations d Resource Prices e Government actions

Answer 1

I think that this would be a good example of E. Government Actions, because due to the war, the suppliers don't want to sell their stock because it may not be safe.