Multiple Choice
In the early 1970s,OPEC's goal was to
A) decrease the world-wide price of oil so that the quantity demanded increased,thus raising total revenues for OPEC members.
B) increase the world-wide price of oil by reducing the quantity of oil supplied.
C) increase the world-wide price of oil by increasing the quantity of oil supplied,thus raising total revenues for OPEC members.
D) decrease the world-wide price of oil so that quantity demanded increased.
Correct Answer:

Verified
Correct Answer:
Verified
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