-The Above Figure Represents the Market for Oil

Multiple Choice

-The above figure represents the market for oil. When a hurricane destroys a major refinery the

A) demand curve for oil does not shift, and the supply curve for oil shifts from S₂ to S₁.
B) demand curve for oil shifts from D₁ to D₂ and the supply curve for oil shifts from S₂ to S₁.
C) demand curve for oil does not shift, and the supply curve for oil shifts from S₁ to S₂.
D) demand curve for oil shifts from D₁ to D₂ and the supply curve for oil does not shift.