aysa1212 aysa1212

05-11-2018
Biology

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According to the law of supply and demand, what would occur if the supply of oil decreased, but the demand remained the same?
A) Oil prices would increase
B) Oil prices would decrease
C) Oil usage would increase
D) Oil usage would decrease

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gabby5792 gabby5792

05-11-2018

The answer is A.

Since there is less oil and the same demand, companies want to compensate for the revenue they would make if they had enough oil.

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