An increase in the price of crude oil,a basic input into the production of gasoline,is likely to

A) put downward pressure on the price of gasoline.
B) put upward pressure on the price of gasoline.
C) decrease the demand for gasoline.
D) increase the quantity of gasoline demandeD.

An increase in the price of crude oil is likely to put upward pressure on the price of gasoline because crude oil is a major input in the production of gasoline. As the cost of producing gasoline increases, the sellers of gasoline will increase the prices to maintain their profit margins. Therefore, an increase in the price of crude oil leads to an increase in the price of gasoline.