Multiple Choice
In 2011, revolutions and uprisings spread across North Africa and the Middle East, where a lot of oil is pumped. How did this affect the oil market?
A) the supply curve for oil shifted to the left
B) the minimum price producers were willing to sell oil for decreased
C) the quantity of oil firms were willing and able to produce increased
D) the supply curve for oil shifted to the right
Correct Answer:
Verified
Correct Answer:
Verified
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