Multiple Choice
Refer to the information provided in Figure 26.6 below to answer the question(s) that follow. 
Figure 26.6
-Refer to Figure 26.6. Suppose the equilibrium price level is 110. An increase in the supply of oil would probably
A) increase both the equilibrium output and the price level.
B) decrease the equilibrium output and increase the price level.
C) increase the equilibrium output and decrease the price level.
D) decrease both the equilibrium output and the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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