Multiple Choice
If an inexpensive alternative to oil were found,the price of oil adjusted for inflation
A) would decline as the alternative would reduce the demand for oil.
B) would decline as the alternative would reduce the supply of oil.
C) would increase as the alternative would increase the demand for oil.
D) would increase as the alternative would increase the supply of oil.
Correct Answer:
Verified
Correct Answer:
Verified
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