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    Economics Today Study Set 1
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    Exam 3: Demand and Supply
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    If the Price of Oil Rises, Producers of Oil Will
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If the Price of Oil Rises, Producers of Oil Will

Question 39

Question 39

Multiple Choice

If the price of oil rises, producers of oil will


A) increase the quantity of oil supplied.
B) supply less oil.
C) leave the amount of oil supplied unchanged.
D) cut the price.

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