Essay
A recent news story reported that OPEC is expected to decrease the supply of oil next summer.Summer is traditionally a time of increased demand for oil because of the many families driving and flying to vacation sites.What would be the combined effect of these two events on the summer market for gasoline?
A.an increase in the price and the quantity
B.an increase in the price and an unpredictable change in the quantity
C.an unpredictable change in both the price and the quantity
D.an unpredictable change in the price and a decrease in the quantity
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